Such oversight is intended to bolster their risk management so that they can support the continued functioning of financial markets in times of stress. (bankofcanada.ca)
In an August 10, 2007, press release, the Federal Reserve announced that it was ``... providing liquidity to facilitate the orderly functioning of financial markets... because of dislocations in money and credit markets.» (onefpa.org)
In light of improved functioning of financial markets, the Federal Reserve has closed all but one of the special liquidity facilities that it created to support markets during the crisis. (alephblog.com)