Global Economic Watch Money and the Financial System December 1, 2010.

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Presentation transcript:

Global Economic Watch Money and the Financial System December 1, 2010

Emergency Loans The Federal Reserve Board on Wednesday posted detailed information on its public website about more than 21,000 individual credit and other transactions conducted to stabilize markets 

Fed Facilities Transaction-level details now are posted from December 1, 2007, to July 21, 2010, in the following programs: Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF) Term Asset-Backed Securities Loan Facility (TALF) Primary Dealer Credit Facility (PDCF) Commercial Paper Funding Facility (CPFF) Term Securities Lending Facility (TSLF) TSLF Options Program (TOP) Term Auction Facility (TAF) Agency MBS purchases Dollar liquidity swap lines with foreign central banks Assistance to Bear Stearns, including Maiden Lane Assistance to American International Group, including Maiden Lane II and III

Fed Loans

Credit Condition

Discussion Why did the Fed make 21,000 short term loans to banks and corporations? Why it is important to maintain a good flow of credit in the economy?