The Fed's statement says the central banks "have continued to work together closely and to consult regularly on liquidity pressures in funding markets". "Pressures in some of these markets have recently increased again. We all continue to work together and will take appropriate steps to address those liquidity pressures." It says the Bank of Canada, the Bank of England, the European Central Bank, the Federal Reserve, and the Swiss National Bank all announed liquidity measures. "The Federal Reserve announced today an expansion of its securities lending program. The "new Term Securities Lending Facility (TSLF) ... will lend up to $200 billion of Treasury securities to primary dealers secured for a term of 28 days (rather than overnight, as in the existing program) by a pledge of other securities, including federal agency debt, federal agency residential-mortgage-backed securities (MBS), and non-agency AAA/Aaa-rated private-label residential MBS."
