Central banks extend liquidity lifeline to markets | Reuters

Central banks extend liquidity lifeline to markets | Reuters:
"The Fed said it was increasing the amounts offered in its Term Auction Facility auctions, held every two weeks, to $75 billion from $50 billion, beginning with an auction on May 5.
It also said it was increasing an existing temporary currency swap line with the ECB to $50 billion, from $30 billion, and increasing a swap line with the SNB to $12 billion from $6 billion. The timeframe for the swap lines will also be extended until the end of January 2009"

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