- Krispy Kreme coming to Cape Girardeau (12/14/17)2
- Light and music show: Jackson family goes high-tech with Christmas display (12/11/17)
- Cape schools to get two new principals, assistant superintendent (12/13/17)1
- Two men shot in Cape Girardeau (12/16/17)
- Kelso resident brings home $60K in lottery winnings (12/14/17)
- Pedestrian struck on Broadway (12/11/17)4
- Insurance building's renovation part of Coalter family's commitment to region (12/15/17)3
- Three-vehicle wreck ends up with parked car crashing through business wall (12/16/17)3
- Wind brings down Wendy's sign in Cape Girardeau (12/11/17)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.