WASHINGTON - House Financial Services Committee chairman Barney Frank is poised to introduce his municipal market legislation as four separate bills to improve the chances of at least some of the measures passing the House, congressional sources said yesterday.

One of the bills is expected to authorize the Federal Reserve to establish a temporary liquidity facility for variable-rate demand obligations. A second is expected to authorize the Treasury Department to run a temporary reinsurance program that would cover all insured municipal credits.

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