Dipity
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 unveils yet another program designed to ease pressure on the credit market by flooding it with cash. This one, called the Money Market Investor Funding Facility, will give as much as $540 b...
The Fed finalizes a rule requiring mortgage lenders to make more disclosures about subprime mortgages. The new rule doesn’t go into effect until October 2009.
New details are released on the Fed’s program to buy commercial paper: PIMCO will manage it, State Street bank will administer it, and it will go into effect on October 27. Also on October 14, it w...
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 says it will buy corporations’ short-term debt, making it into a last-resort lender not only for banks but for companies as well. The radical new program known as the Commercial Paper Fundi...
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 dumps hundreds of billions more into the credit market. It triples the cash it lends to commercial banks in an emergency program set up last year, from $25 billion to $75 billion on an 84-d...
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 authorizes an $85 billion loan to AIG. The move gives the federal government an 80 percent stake in the beleaguered insurance company and amounts to a takeover.
The Fed proposes to relax an accounting rule for banks, lowering the capital they are required to have on hand.
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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