- State declares test results for schools invalid (10/4/17)2
- College algebra to be removed from Southeast required curriculum (10/10/17)1
- Child-custody advocate: State law needs fix to provide parents with more equal custody (10/12/17)
- Past Rowdy the Redhawk mascot's identity revealed (10/15/17)
- Cancer will 'change your life, but it doesn't have to rule it' (10/8/17)
- Sikeston singer moves on with 'The Voice' (10/16/17)
- Police chief, council: Cape Girardeau faces growing gun violence (10/17/17)4
- Developer asks court to OK tax district board for improvements near Hobby Lobby (10/17/17)4
- Bills addressing equal child custody to be filed, legislators say (10/13/17)
- The last person to be laid to rest at Old Lorimier Cemetery: Mary Russell Fox (10/17/17)2
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.