- Waller deemed competent to stand trial (1/11/17)5
- Young Elvis impersonator from Bernie performs on 'Ellen DeGeneres Show' (1/12/17)
- Two subjects of interest in 1992 homicide to take polygraph tests (1/15/17)7
- 113 drug tests at Jackson High net one instance of illicit usage (1/11/17)15
- Two men shot after argument; houses also struck by bullets (1/12/17)21
- Business notebook: Jackson salon owner also opens a clothing store (1/16/17)
- Cape SportsPlex contractor offers a look at the project (1/15/17)14
- Two Cape men recovering after shooting (1/13/17)
- Imo's Pizza will be added to Rhodes 101 convenience store in Jackson (1/10/17)16
- Wallingford proposes bill to collect sales taxes on online purchases (1/11/17)30
Fed says it will provide sufficient money to nation's banks
AP Economics WriterWASHINGTON (AP) -- The Federal Reserve, seeking to provide assurances that the nation's banking system will be protected following the terrorist attacks, said Tuesday it stood ready to provide additional money to banks if needed.
"The Federal Reserve System is open and operating. The discount window is available to meet liquidity needs," the Fed said in a two-sentence statement.
The promise to supply additional money to the banking system was similar to a pledge that the Fed issued on the morning after the October 1987 stock market crash, when the market plunged by more than 500 points in one day of trading.