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Non-banks like Goldman and Morgan Stanley were tossed a lifeline in March, given access to the Fed's emergency lending window in return for putting up an array of collateral.
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The exception is the ECB's Long Term Refinancing Operation (LTRO), which provides banks with three-year liquidity at its main interest rate, currently 1%, against a wide array of collateral.
That is the importance of its decision on March 16th to lend money directly to cash-strapped investment banks and brokers and to accept a broader array of collateral, including mortgage-backed and other investment-grade securities.
The Federal Reserve all but insured against another large meltdown by opening its lending window to brokerage companies (including Lehman) and accepting a much broader array of collateral than it previously would.
He opened Fed lending to non-banks, he offered financing at discounts to companies such as General Motors Corp., he began having the Fed buy assets in an array of categories and taking collateral for loans that was not highly rated.
Wasps have an array of skills.
John has an array of sweatshirts.
Other portals offer an array of content.
Cue an array of ill-designed shots.
Mr. Espada faces an array of problems.
There are an array of investment options.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com