Fed holds first auction for 84-day loans - Yahoo! News

Fed holds first auction for 84-day loans - Yahoo! News: "Fed holds first auction for 84-day loans By MARTIN CRUTSINGER, AP Economics Writer
6 minutes ago

WASHINGTON - The Federal Reserve has auctioned another $25 billion in loans to the nation's banks and given them more time to pay the money back in an effort to combat a serious credit squeeze."