DeMarco joined the wealth management firm from Bank ofAmerica Corp's (BAC.N) Merrill Lynch, while Kushner previouslyworked at American International Group Inc (AIG.N). Both willreport to Ed Hulina, head of fixed income, currencies andcommodities at UBS Americas (Reporting by Juan Lagorio; Editing by Gerald E McCormick) Stocks. Chris DeMarco and Tom Kushner were named clientrelationship directors, according to the memo seen by Reuterson Friday. * Chris DeMarco joins UBS from Merrill Lynch Stocks * Tom Kushner joins UBS from AIG Financial Markets NEW YORK, July 24 (Reuters) - UBS AG's (UBSN.VX) (UBS.N)UBS Americas hired two managing directors to enhancerelationships with partners and premium clients, according toan internal memo. Although the decision announced on Friday marks the secondreduction of TAF auctions in a month, the Fed said in the June25 statement that it reserved the right to increase TAFauctions again if necessary as market conditions evolved.(Reporting by David Lawder, Editing by Chizu Nomiyama) Regulatory News Bonds. A July 13 auction of $125 billion in 84-day loans at astop-out rate of 0.25 percent drew bids of only $47.768billion, for a bid-to-cover ratio of just 0.38. Although the Fed last month extended a number of its otherliquidity facilities through Feb 1, 2010, the TAF does nothave a fixed expiration date.

But in recentmonths, as interbank lending has strengthened, bank borrowingsfrom the TAF have waned. The regular TAF liquidity offered peaked at $150 billionper auction at the end of 2008 and early 2009. The Term Auction Facility was introduced in December 2007to help ease a funding crunch in the interbank market as thefinancial crisis gathered steam by making it easier for banksto borrow from the Fed anonymously and over longer periods. (Adds background on TAF liquidity and auctions) Regulatory News  |  Bonds WASHINGTON, July 24 (Reuters) - The U.S. Federal Reservesaid on Friday it will reduce the amount of Term AuctionFacility credit offered in August to $200 billion from $250billion in July due to improved market conditions and reducedborrowing.

The Fed said it would auction $100 billion in 84-day loanson Aug 10, and $100 billion in 28-day loans on Aug 24. Thiscompares with $125 billion in each of two similar auctions inJuly. "This reduction is consistent with the expectationindicated in the Federal Reserve's June 25 press release thatTAF auction amounts would be reduced gradually further incoming months if market conditions continue to improve," theFed said in a statement. Signature Styles, LLC is part of Patriarch Partners, LLC.SOURCEShape fxEmily Hannett, +1-212-916-8349, . Lambdin() - each committed to fulfilling the needs of its respectiveaudience with exceptional product, engaging presentation and extraordinarycustomer service.

Only by Shape fx(R), only at shapefx .About Signature Styles, LLC.Signature Styles, LLC is the nation's leading direct marketer of women'sapparel. Headquartered in Manhattan, the company manages five brands: NewportNews (), Spiegel (), Shape fx(), Carabella () and A.B. Shapefx is a lifestylee-commerce site dedicated to making women feel more confident about the waythey look. Shape fx offers innovative fashion, swim and shapewear options thatslim, support and flatter women's bodies, as well as a shopping experiencethat is personalized for specific target zones or body types.Shape fx --"designed to make the body you have, look like the body you want." (R)Your Dream Wedding Dress Found. "This wedding gown represents not only Shape fx's completededication to strategic figure-perfection, but also was created withunsurpassed quality and fit standards, at an amazing price."The Shape fx Dream Wedding Dress is available in sizes 2-18 at, and can be ordered by calling 800-253-6115, where a dedicatedrepresentative handles the special order. We designed this revolutionary dress to ensure that she will lookand feel picture-perfect," says Signature Styles, LLC President and CEO,Geralynn Madonna. But just what makes finding theperfect dress so important to the bride-to-be?"Of all days in her life, every woman needs to look her absolute best on herwedding day -- for her husband, for the photographer and guests, but mostly,for herself.