As part of its continuing effort to return to normal operations, the Federal Reserve's policymaking committee said Wednesday that the central bank will hold a final cash auction on March 8.

When they were launched in December 2007, the auction was seen as a way for banks to borrow from the Fed without encountering the stigma associated with discount window loans. The Fed initially auctioned off $20 billion of cash through the program but later gave out as much as $150 billion as the financial crisis deepens.

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