August 13, 2007 (LPAC)--AP reported this morning, US Eastern Daylight Time, that the European Central Bank had injected $65.3 billion into the banks today, the Bank of Japan, $5 billion, and the US Federal Reserve, $2 billion. The Daily Telegraph reports that the Bank of Australia injected $1.4 billion, for a total of $73.7 billion so far today alone.

German DLR radio and other media reported early this afternoon, Central European Time, that this was the European Central Bank's third such emergency overnight loan in three consecutive days, this one in the range of 48 billion euros, or $65.3 billion.

Those three ECB loans altogether injected 204 billion euros, or $279 billion, since last Thursday to help the private Eurozone banks refund asset-backed commercial paper, for which all other credit-lines have dried up over recent days. With two crucial maturity dates this week, today and Wednesday, ABC paper has entered a highly critical phase. Although the banks that received the ECB's extra money were not named, it is rumored that some of the biggest banks are among them.