Federal Reserve and Government Agency Links

»	The Orderly Liquidation of Lehman Brothers Holdings Inc. under the Dodd-Frank Act, from FDIC Quarterly Vol. 5, No. 2, 2011
»	U.S. Senate, Majority and Minority staff Report Permanent Subcommittee on Investigations, by Senator Carl Levin and Senator Tom Coburn: Wall Street and the Financial Crisis: Anatomy of a Financial Collapse
»	Study of the Effects of Size and Complexity of Financial Institutions on Capital Market Efficiency and Economic Growth
»	Financial Crisis Inquiry Report: Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States
»	The Federal Reserve’s Section 13(3) Lending Facilities to Support Overall Market Liquidity: Function, Status, and Risk Management.
»	Financial Crisis Inquiry Commission
»	Federal Reserve Board: Credit and Liquidity Programs
»	St. Louis Fed: Foreclosure Resource Center
»	New York Fed: Forms of Federal Reserve Lending to Financial Institutions
»	FDIC Failed Bank List

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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...
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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...
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Recent News

The U.S. Senate Permanent Subcommittee on Investigations releases its final report on its inquiry into key causes of the financial crisis.

The Board of Governors releases information regarding borrowers at the discount window and emergency lending facilities under section 13(3) of the Federal Reserve Act. The material spans the period from August 8, 2007 to March 1, 2010. This release is the result of court proceedings brought by media companies under the Freedom of Information Act (Fox News Network, LLC v. Board of Governors, 601 F.3d 158 (2d Cir. 2010) and Bloomberg, L.P. v. Board of Governors, 601 F.3d 143 (2d Cir. 2010)).

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 requires the Federal Reserve to release information concerning the borrowers and counterparties participating in emergency credit facilities, discount window lending programs and open market operations authorized or conducted by the Board of Governors or a Federal Reserve Bank. The disclosure must be made on an on-going basis with a time lag of at most two years depending on the specific type of transaction.

The U.S. Department of the Treasury announces that it intends to sell its remaining portfolio, $142 billion, of agency-guaranteed mortgage-backed securities (MBS). These MBS were originally purchased under the authority provided by the Housing and Economic Recovery Act of 2008. The Treasury said that it will sell up to $10 billion of MBS per month, subject to market conditions.

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