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It was permitted to lend to more institutions and take more types of collateral.
The most common types of collateral used for short-term credit are accounts receivable and inventories.
The central bank also expanded the types of collateral that firms can use in buying Treasury securities at a government auction next week.
In such cases, Mr. Garrabrants said, Bank of Internet might require that borrowers pledge types of collateral other than just real estate.
On Saturday, Sept. 13, for instance, the Federal Reserve allowed the big banks to pledge new types of collateral in return for overnight capital.
Almost by accident the ECB ended up with a modern toolkit: it can lend to far more counterparties against far more types of collateral than the Fed.
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This type of collateral damage would set workers' compensation insurance back a century.
He argues that this type of "collateral damage" is seldom acknowledged in the Dutch euthanasia debate.
Apart from cash, the most common type of collateral posted with clearing-houses is government bonds.
Anyone who reads the documentation carefully should be aware of the nature of a fund and the type of collateral.
The Fed's action allows them to expand the type of collateral that can be pledged to include student loans, car loans, home equity loans and credit card debt, as long as it is highly rated.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com