Credit and Liquidity Programs and the Balance Sheet

Overview
Crisis response
Fed's balance sheet
Fed financial statements
Federal Reserve liabilities
Recent balance sheet trends

Open market operations
Central bank liquidity swaps
Lending to depository institutions
Lending to primary dealers
Other lending facilities
Support for specific institutions

Collateral and rate setting
Risk management
Longer-term issues
Reports
Related resources

Related resources

Letters from the U.S. Department of the Treasury

• Letter regarding Bear Stearns and JPMorgan Chase & Co., March 17, 2008 (37 KB PDF)
• Letter regarding AIG, October 8, 2008 (23 KB PDF)
• Letter regarding Bank of America Corporation, January 15, 2009 (37 KB PDF)
• Letter regarding Citigroup, January 15, 2009 (32 KB PDF)

Related Speeches and Testimony

• The Crisis and the Policy Response
  Speech by Chairman Ben S. Bernanke, January 13, 2009
• Federal Reserve Policies to Ease Credit and Their Implications for the Fed's Balance Sheet
  Speech by Chairman Ben S. Bernanke, February 18, 2009
• Federal Reserve programs to strengthen credit markets and the economy
  Testimony by Chairman Ben S. Bernanke, February 10, 2009
• American International Group
  Testimony by Vice Chairman Donald L. Kohn, March 5, 2009
• American International Group
  Testimony by Chairman Ben S. Bernanke, March 24, 2009
• The Federal Reserve's Balance Sheet
  Speech by Chairman Ben S. Bernanke, April 3, 2009

Other Resources

• Employ American Workers Act: frequently asked questions
• Factors Affecting Reserve Balances
• Federal Open Market Committee advanced search
• Federal Open Market Committee meetings, calendars, and minutes
• Forms of Federal Reserve lending to financial institutions (229 KB PDF)
• Information regarding recent Federal Reserve actions
• Monetary Policy Reports to the Congress  
• Oversight of the Federal Reserve System
• Vendor Information--Investment Management Agreements

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