http://en.wikipedia.org/wiki/Federal_Reserve_System#cite_note-91
Creation of the second new tool, called the Term Securities Lending Facility, was announced on March 11, 2008.The main difference between these two facilities is that the Term Auction Facility is used to inject cash into the banking system whereas the Term Securities Lending Facility is used to inject treasury securities into the banking system.
Creation of the second new tool, called the Term Securities Lending Facility, was announced on March 11, 2008.The main difference between these two facilities is that the Term Auction Facility is used to inject cash into the banking system whereas the Term Securities Lending Facility is used to inject treasury securities into the banking system.
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