Fed Affirms Support of Commercial-Paper Market.

This article reports on the move by the U.S. Federal Reserve to reaffirm its support for the commercial paper market amid the sharp decline in demand in 2009. It explains that commercial paper serves companies that are looking for short-term financing avenues. It says that for the week ended June 26, 2009 commercial paper shrank to record low of $1.5 trillion based on seasonal adjustment. The Federal Reserve assured markets that it will commit to stabilizing commercial paper market until February 2010.