The Fed raises the interest rate it pays on banks’ reserve deposits. Again, the move is meant to encourage banks to deposit more money with the Fed, giving it extra firepower for its now numerous n...
The Fed announces that three central banks — the Bank of England, European Central Bank and Swiss National Bank — can now borrow dollars in unlimited amounts. Japan is considering a similar arrange...
Five other central banks join the Fed in coordinating an interest rate cut, another unprecedented move designed to boost global spending. China’s central bank also cuts its key interest rate. Disc...
The Fed makes two significant announcements. The first is that it will pay interest on reserves that banks leave on deposit with the Fed. This move is intended to encourage banks to deposit more mo...
The Fed announces another $13 billion in currency swaps with the European Central Bank and the Swiss National Bank.
The Fed establishes currency swap lines with central banks in Australia, Sweden, Denmark and Norway. The new injection of $30 billion is in addition to currency swap lines already established with ...
The five-day waiting period for Morgan Stanley and Goldman Sachs is waived. To facilitate the transition, the Fed eases limitations on private investments in bank holding companies.
The Fed approves the bid for Morgan Stanley and Goldman Sachs to become bank holding companies and extends credit to them. This move subjects the two banks to greater regulation and greater federal...
The Fed temporarily eases restrictions on the amount of leverage allowed for banks, letting them have less money on hand. A second rule relaxes limits on transactions between banks and their affili...
The Fed expands currency swap lines (essentially a kind of loan). It established the program late last year with the European Central Bank and the Swiss National Bank, and it announces new swap lin...
The Fed broadens the types of collateral that investment banks can post for two emergency loan programs and increases the loans’ frequency and dollar limit. Stocks are now accepted as collateral in...
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