Month: August 2009

Court Orders Federal Reserve to Disclose Details

Bloomberg News unit sued the Federal Reserve under the Freedom of Information Act for a list of companies in their emergency lending programs .  The emergency lending programs created last year by the Federal Reserve contains near $2 trillion in loans.

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Federal Reserve TALF Program Extended

The Federal Reserve announced on Aug 17th it would extend the emergency rescue loan program, Term Asset-Backed Securities Loan Facility (TALF) with capacity of up to $1 trillion, by another 3 to 6 months.  The Fed and Treasury justify this

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Federal Reserve Liquidity Swaps Explained

Federal Reserve Liquidity Swap Lines  There are two types of Liquidity Swaps the Federal Reserve by way of the Federal Open Market Committee has established: Dollar Liquidity Swap Lines and Foreign-Currency Liquidity Swap Lines.   Dollar Liquidity Swap Lines A

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Fed has purchased $252 billion of Treasuries

On Tuesday, August 11th, the Federal Reserve purchased an additional $2.7 billion of US Department of Treasury bonds maturing from August 2026 through May 2039, essentially 17-30 year bond maturity dates. In March, the Federal Reserve stated it would purchase up

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Fed Follows Through with Quantitative Easing Program

The two day Federal Reserve Open Market Committee meeting ended today.  Fed official press release linked below. The majority of monetary policy programs stayed the same.  Fed Funds rate will continue to be held at a record low of 0 – 1/4%

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Bailout Money Tracker – CNN Money

CNN Money is maintaining a great resource tracking all the bailout money. For an overall comprehensive list of all the bailout programs by Congress, Treasury and the Fed List of 650 banks, so far, which have received bailout money List of 94

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TALF – Definition and Explanation

Term Asset-Backed Securities Loan Facility – Definition and Explanation “The Federal Reserve created the Term Asset-Backed Securities Loan Facility (TALF), to help market participants meet the credit needs of households and small businesses by supporting the issuance of asset-backed securities

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Federal Reserve purchase of GSE Debt and Securities

Unconventional monetary policy announced by the Federal Reserve Open Market Committee on March 18 2009: “To provide greater support to mortgage lending and housing markets, the Committee decided today to increase the size of the Federal Reserve’s balance sheet further

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