commercial loans

The Spending Continues - Fed Increases by 8.5% Commercial Paper in 1 Week

These guys can't even take the Holiday off. In one week, the Federal Reserve increased by 8.5% it's commercial paper (business loans).

The Federal Reserve expanded its purchases of commercial paper to $295.1 billion and its loans to securities firms increased as the central bank uses its balance sheet to combat the worst financial crisis in seven decades.

Cash borrowing by Wall Street bond dealers from the Fed totaled $55.9 billion on Nov. 26, up from $46.6 billion a week before.