Yesterday, one day after Federal Reserve Chairman Bernanke reported that "[d]espite the efforts of the Federal Reserve and other policymakers, the U.S. economy remains under considerable stress," the Federal Reserve announced that it would extend through April 30, 2009, the following liquidity facilities: the Primary Dealer Credit Facility, Commercial Paper Money Market Fund Liquidity Facility, and the Term Securities Lending Facility. Previously set to expire on January 30, 2009, these extensions conform to the set term of the Commercial Paper Funding Facility, the Money Market Investor Funding Facility and the temporary reciprocal currency arrangements with 14 other central banks.