Fed To Name Recipients Of $3.3 Trillion In Aid During Crisis

The Fed would provide financing for such diverse borrowers as U.S. corporations who needed to sell commercial paper and to money managers who wanted to invest in consumer auto loans. Photographer: Joshua Roberts/Bloomberg

"The Federal Reserve, under orders from Congress, plans today to identify recipients of $3.3 trillion in emergency aid the central bank provided as it fought the worst financial crisis since the Great Depression."