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Many people know that the Federal Reserve sets interest rates in order to loan money to other banks so they can keep cash flowing throughout the U.S. financial system. Mostly, this works great for everyone involved. But, sometimes, banks and thrifts need a little extra cash, mostly so they can meet the reserve requirement (the minimum amount of deposits banks need to be considered in good financial shape).
To meet the reserve, the Fed has what's known as the discount window, which allows banks to borrow money for a short period of time at a higher interest rate (called the discount rate) than the official Federal Funds rate.
It's called a window because it used to be an actual teller window, where banks would go to borrow from the federal government. Now, it's used more as a lender of last resort. In fact, banks prefer to borrow from one another than directly from the discount window, since the interest owed can be cheaper and going to the discount window tends to imply that the bank is in a spot of trouble.
The Fed, too, doesn't like banks borrowing this way, which is why the discount rate is always higher than the target rate. It also requires banks to collateralize the loans, meaning they have to turn over liquid assets, such as loans or CDs, to the Fed in order to get the money. As with any loan, the banks get the underlying collateral back when they pay off the balance.
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Tuesday, June 24, 2008
Atmel Announces ARM Cortex-M3 License and AT91SAM3 Flash MCU Family
Comtex
ROUSSET, France, Jun 24, 2008 (PR Newswire Europe via COMTEX) ----Extends Atmel's Market-leading AT91SAM Microcontrollers to Next-generation ARM Technology
Atmel(R) Corporation (Nasdaq: ATML) announced today that it has licensed the ARM(R) Cortex(TM)-M3 32-bit RISC processor for the next generation of its market-leading AT91SAM ARM technology-based microcontrollers. This reinforces Atmel's commitment to the ARM architecture, complementing its existing licenses for the ARM7TDMI(R), ARM926EJ-S(TM) and ARM1176JZ-S(TM) processors.
Atmel's planned AT91SAM3 Flash MCU family will combine the ARM Cortex-M3 processor with the outstanding system implementation features that have placed the AT91SAM series at the forefront of its market. These include the multi-layer internal buses, an enhancement to the DMA for system peripherals and distributed peripheral data controllers (PDCs) that give the AT91SAM family its high internal data bandwidth, and enable intensive data processing and high-speed data transfers to take place concurrently, when compared to other implementations of the Cortex architecture. Atmel's high-density on-chip Flash memory reduces the application chip count, shortens boot and program load times and improves system security. The multiple operating modes of the AT91SAM3 enable it to achieve excellent power consumption under all conditions of use.
The AT91SAM3 family has Atmel's distinctive uniform peripheral register structure that simplifies application programming, and enables software modules to be easily transferred from one family member to another. This uniformity of peripheral programming extends to development tools from Atmel's established ecosystem of industry-leading third-party suppliers. It is a major aid to application development.
Alfredo Vadillo, Atmel's Managing Director for ARM Microcontrollers, commented, "The ARM Cortex-M3 processor gives our customers the option of taking advantage of the latest developments in ARM's 32-bit RISC technology in terms of performance and power consumption, together with all the benefits of the AT91SAM family architecture and IP, as well as the ARM ecosystem. The addition of the ARM Cortex-M3 processor strengthens Atmel's leadership in the fast growing embedded 32-bit microcontroller market. It complements our current market-leading product offering of AT91SAM and AVR32 microcontrollers."
"Atmel's decision to add the Cortex-M3 processor to its existing licenses for the ARM7TDMI, the ARM926EJ-S and the ARM1176JZ-S processors indicates its on-going commitment to the ARM architecture," said Eric Schorn, VP Marketing, Processor Division, ARM. "Atmel joins the growing ranks of ARM Cortex-M3 processor implementers, and reinforces our architecture as the reference for 32-bit microcontrollers."
Atmel is today one of the industry's leading suppliers of microcontrollers with a wide range of products. The ARM Cortex-M3 processor will be used to expand today's product range of 8051, AVR(R), AVR32, and ARM7(TM) and ARM9(TM) family-based microcontrollers into new markets.
Availability
Atmel's AT91SAM3 Flash microcontroller family based on the ARM Cortex-M3 processor will be available in 4Q 2008.
About Atmel
Atmel is a worldwide leader in the design and manufacture of microcontrollers, advanced logic, mixed-signal, nonvolatile memory and radio frequency (RF) components. Leveraging one of the industry's broadest intellectual property (IP) technology portfolios, Atmel is able to provide the electronics industry with complete system solutions focused on consumer, industrial, security, communications, computing and automotive markets.
(C) 2008 Atmel Corporation. All Rights Reserved. Atmel(R), logo and combinations thereof, AVR(R) and others, are registered trademarks or trademarks of Atmel Corporation or its subsidiaries. ARM and ARM7TDMI are registered trademarks of ARM Limited. Cortex, ARM926EJ-S, ARM1176JZF-S, ARM7 and ARM9 are trademarks of ARM Limited. "ARM" is used to represent ARM Holdings plc; its operating company ARM Limited; and the regional subsidiaries: ARM, Inc.; ARM KK; ARM Korea Ltd.; ARM Taiwan Limited; ARM France SAS; ARM Consulting (Shanghai) Co. Ltd.; ARM Belgium N.V.; AXYS Design Automation Inc.; ARM Germany GmbH; ARM Embedded Technologies Pvt. Ltd.; and ARM Norway, AS. Other terms and product names may be trademarks of others.
Information:
Atmel's AT91SAM product information may be retrieved at: http://www.atmel.com/products/AT91/
Atmel Press Contacts: Peter Bishop, Communications Manager, Atmel Rousset Tel: +33-0-4-42-53-61-50, Email: peter.bishop@atmel.com Helen Perlegos, Public Relations Tel: +1-408-487-2963, Email: hperlegos@atmel.com
Web site: http://www.atmel.com
Peter Bishop, Communications Manager, Atmel Rousset, +33-0-4-42-53-61-50, peter.bishop@atmel.com, or Helen Perlegos, Public Relations, +1-408-487-2963, hperlegos@atmel.com, both of Atmel Corporation
Copyright (C) 2008 PR Newswire Europe
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