The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system.
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The Board is proposing to amend its Regulation A to (1) revise the provisions regarding the establishment of the primary credit rate in a financial emergency, and to (2) delete the provisions relating to the use of credit ratings for collateral for extensions of credit under the former Term Asset-Backed Securities Loan Facility.
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