Federal Reserve Board to extend the program to save the city half a year

Federal Reserve Board said that as many financial markets remained tense, and will therefore extend the emergency loan scheme and foreign exchange swaps to the implementation period to October 30 so far.
According to the Hong Kong Ta Kung Pao reported that the Federal Reserve Board said in a statement that the extension of the emergency rescue package decision, apply to the five emergency lending mechanism, but also to extend its 13 central bank's foreign exchange swap agreement implementation period.
Five emergency lending mechanisms include: asset-backed commercial paper money market mutual fund flow mechanism, commercial paper financing mechanisms, money market investors, financing mechanisms, the major dealers of credit mechanism, as well as regular securities lending mechanism.
The rescue package originally due April 30. Consider the market, reflecting the Federal Reserve Board Chairman Ben Bernanke and officials have predicted that the United States as well as the global credit market recovery time, and even longer than expected.