Information Regarding Recent Federal Reserve Actions
Related Information
October 31, 2008
Agencies announce decision on impact of tax change on indirect investments in Fannie Mae and Freddie Mac preferred stock
October 29, 2008
Federal Reserve, Banco Central do Brasil, Banco de Mexico, Bank of Korea, and Monetary Authority of Singapore announce the establishment of temporary reciprocal currency arrangements
- Press release
Information on Related Actions Being Taken by Other Central Banks: - Banco Central do Brasil
- Banco de Mexico
- Bank of Korea
- Monetary Authority of Singapore
- International Monetary Fund
FOMC statement
October 28, 2008
Federal Reserve and Reserve Bank of New Zealand announce the establishment of a temporary reciprocal currency arrangement
- Press release
Information on action being taken by the Reserve Bank of New Zealand: - Reserve Bank of New Zealand
October 22, 2008
Federal Reserve releases frequently asked questions for the Money Market Investor Funding Facility (MMIFF)
Federal Reserve announces it will alter the formula used to determine the interest rate paid to depository institutions on excess balances
October 21, 2008
Board issues statement concerning its approval of the proposal by Wells Fargo and Company to acquire Wachovia Corporation
Federal Reserve announces the creation of the Money Market Investor Funding Facility (MMIFF)
October 20, 2008
Federal Reserve approves final amendments to Regulation C that revise the rules for reporting price information on higher-priced mortgage loans
Speech by Governor Kroszner on strategic risk management in an interconnected world
Agencies encourage participation in Treasury's Capital Purchase Program, FDIC's Temporary Liquidity Guarantee Program
Testimony of Chairman Bernanke on the economic outlook and financial markets
Federal Reserve releases issuer registration form and qualification certification for the Commercial Paper Funding Facility (CPFF)
October 17, 2008
Agencies announce decision on regulatory capital impact of Emergency Economic Stabilization Act of 2008 on Fannie Mae and Freddie Mac preferred stock
Expanded FAQs for Commercial Paper Funding Facility
October 16, 2008
Federal Reserve announces interim final rule to allow bank holding companies to include senior perpetual preferred stock issued to the Treasury Department in Tier 1 capital
October 15, 2008
Speech by Vice Chairman Kohn on the economic outlook
Speech by Chairman Bernanke on stabilizing the financial markets and the economy
October 14, 2008
FOMC authorizes an increase in the size of its temporary reciprocal currency arrangement with the Bank of Japan
Joint statement by Federal Reserve, U.S. Department of the Treasury, and Federal Deposit Insurance Corporation (FDIC)
Board announces additional details regarding the Commercial Paper Funding Facility (CPFF)
Remarks by Chairman Bernanke at the President’s Working Group Market Stability Initiative announcement
October 13, 2008
Federal Reserve and other central banks announce further measures to provide broad access to liquidity and funding to financial institutions
- Press release
Information on Related Actions Being Taken by Other Central Banks: - Bank of England
- European Central Bank
- Bank of Japan (80 KB PDF)
- Swiss National Bank (56 KB PDF)
October 12, 2008
Approval of proposal by Wells Fargo & Company to acquire Wachovia Corporation
October 9, 2008
Statement on the efforts of Citigroup and Wells Fargo to reach an accord regarding the acquisition of Wachovia Corporation
October 8, 2008
Statement regarding asset management services in support of CPFF
Board authorizes Federal Reserve Bank of New York to borrow securities from certain regulated U.S. insurance subsidiaries of AIG
Federal Reserve and other central banks announce reductions in policy interest rates
October 7, 2008
Agencies seek public comment on proposed rulemaking to lower risk weights for claims on, or guaranteed by, Fannie Mae and Freddie Mac
Speech by Chairman Bernanke on current economic and financial conditions
Board announces creation of the Commercial Paper Funding Facility (CPFF) to help provide liquidity to term funding markets
Federal Reserve and other central banks announce schedules for term and forward auctions of U.S. dollar liquidity for fourth quarter
- Press release
- Term Auction Facility (TAF) schedule
Information on Related Actions Being Taken by Other Central Banks: - Bank of Canada
- Bank of England
- Bank of Japan (19 KB PDF)
- European Central Bank
- Swiss National Bank (55 KB PDF)
October 6, 2008
Approval of proposal by Mitsubishi UFJ Financial Group to acquire up to 24.9 percent of the voting shares of Morgan Stanley, and to acquire an indirect interest in Morgan Stanley's subsidiary bank, Morgan Stanley Bank; subsidiary savings association, Morgan Stanley Trust; and subsidiary trust company, Morgan Stanley Trust National Association
- Press release
- Board's statement concerning this action (released October 7, 2008)
Board announces that it will begin to pay interest on depository institutions required and excess reserve balances, substantial further increases in Term Auction Facility auctions, and an exemption to allow limited bank purchases of assets from money market mutual funds
- Press release
- Federal Register notice: 62 KB PDF | HTML
- Submit comment on this proposal
- View comments on this proposal
- Federal Reserve System Reporting and Reserves website
Announcement letter (14 KB PDF)
Contact information
Examples (57 KB PDF)
Frequently asked questions (19 KB PDF) - Interest on Reserves and the Implementation of Monetary Policy FAQs
October 3, 2008
Statement by Chairman Bernanke on action taken by Congress
Statement by the Board and OCC on new proposal from Wells Fargo to acquire Wachovia