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Thursday, 5 February 2015

Term deposit facility.

http://en.wikipedia.org/wiki/Federal_Reserve_System#cite_note-91

Term deposit facility
The Term Deposit Facility is a program through which the Federal Reserve Banks will offer interest-bearing term deposits to eligible institutions. By removing "excess deposits" from participating banks, the overall level of reserves available for lending is reduced, which should result in increased market interest rates, acting as a brake on economic activity and inflation. 

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