WASHINGTON, March 27 (Reuters) - The U.S. government
will continue using its tools to prevent contagion in the
banking sector, as warranted, to ensure Americans' deposits are
safe, Treasury Undersecretary for Domestic Finance Nellie Liang
will tell the U.S. Congress on Tuesday.
In testimony prepared for the Senate Banking Committee,
Liang said decisive action taken by the federal government had
worked to restore public confidence, protect depositors and
bolster liquidity in the banking system.
"We continue to closely monitor developments across the
banking and financial system," Liang said in the remarks. "As
Secretary (Janet) Yellen has said, we have used important tools
to act quickly to prevent contagion. And they are tools we would
use again if warranted to ensure that Americans' deposits are
safe."
(Reporting by Andrea Shalal and David Lawder; Editing by Sandra
Maler)
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