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Release Date: August 10, 2007
For immediate release
The Federal Reserve is providing liquidity to facilitate the orderly functioning of financial markets.
The Federal Reserve will provide reserves as necessary through open market operations to promote
trading in the federal funds market at rates close to the Federal Open Market Committee's target rate
of 5-1/4 percent. In current circumstances, depository institutions may experience unusual funding
needs because of dislocations in money and credit markets. As always, the discount window is
available as a source of funding.