Federal Reserve and Government Agency Links
Keeping Track of
the Financial Crisis
James Bullard speaks on the origins of the financial crisis:
| » | "What Challenges Do We Face for Regulatory Reform?" June 15, 2009. Video | Transcript |
| » | "Did the Fed Leave Interest Rates Too Low for Too Long?" June 11, 2009. Video | Transcript |
| » | "What Happened?" June 9, 2009. Video | Transcript |
Frequently Asked Questions about the Financial Crisis
The financial crisis has interfered with the Fed's ability to operate a conventional monetary policy. Lender-of-last-resort measures have been a primary focus. The FOMC has reduced its target for t...
more
Monetary policy remains potent. Even with the fed funds rate at zero, the Fed can continue to influence financial markets and the economy through open market operations and various lending programs...
more
Recent News
The Commercial Paper Funding Facility, Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility, Primary Dealer Credit Facility, and Term Securities Lending Facility programs expire.
President Obama proposes new restrictions on the trading activities and market shares of commercial banks. Specifically, he calls for prohibiting banks from owning, investing in or sponsoring hedge funds, private equity funds, or proprietary trading operations for their own profit. He also calls for broader market share limits on commercial banks.
In response to a request from the House Committee on Oversight and Government Reform, the Federal Reserve Bank of New York provides documents that relate to Maiden Lane III LLC and the public disclosures made by American International Group, Inc. (AIG) in December 2008 concerning the transactions entered into by Maiden Lane III. Maiden Lane III is a limited liability company that was formed in the fourth quarter of 2008 to facilitate a restructuring of the New York Fed's financial support to AIG. The New York Fed extended credit to Maiden Lane III to purchase multi-sector collateralized debt obligations from certain counterparties of AIG Financial Products Corp.