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Board of Governors of the Federal Reserve System
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Press Release

Federal Reserve Press Release

Release Date: March 14, 2008

For immediate release

The Federal Reserve is monitoring market developments closely and will continue to provide liquidity as necessary to promote the orderly functioning of the financial system. The Board voted unanimously to approve the arrangement announced by JPMorgan Chase and Bear Stearns this morning.

Last update: March 14, 2008