Article: Federal Reserve to aid money-market funds BRIEFING: NEW YORK

The New York Times Media Group
International Herald Tribune
10-22-2008
Federal Reserve to aid money-market funds BRIEFING: NEW YORK
Byline: The New York Times Media Group
Edition: 3
Section: FINANCE/BUSINESS

Adding to its slate of unprecedented efforts to unclog the shaky credit markets, the U.S. Federal Reserve said Tuesday that it would provide financing to shore up the health of money-market mutual funds, the common consumer investment funds traditionally considered as safe as bank accounts.

Under the program, the Fed will provide an unspecified amount of ...

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