Tag: treasury

US Debt issuance for 2009 currently $1.51 trillion

At the beginning of 2007, January 2nd we had $8.678 trillion in outstanding public debt. One year after Lehman went bankrupt, Sept 15th 2009, we have $11.8 trillion in outstanding public debt showing over a $2 trillion increase. The U.S.,

Posted in Fiscal Policy Tagged with: , , , , , , ,

Bank of America Loan Backstop

On January 16th 2009, Bank of America (BofA) disclosed with its first ever quarterly loss of $1.79 billion, a US government loan backstop for $118 billion on assets mostly from its government encouraged Merrill Lynch acquisition1. The loan backstop is

Posted in Monetary Policy Tagged with: , , , , , , , , ,

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

Posted in Monetary Policy Tagged with: , , , , , , , , , , , , ,

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

Posted in Monetary Policy Tagged with: , , , , , ,

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%

Posted in Monetary Policy Tagged with: , , , , , , , , ,

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

Posted in Monetary Policy Tagged with: , , , , , , , , ,

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

Posted in Monetary Policy Tagged with: , , , , , , , ,