Financial Turmoil : Federal Reserve Policy Responses.

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service.

Language:

English

Subjects (All):

Business cycles.

Big business.

Finance--Law and legislation.

Finance.

Physical Description:

1 online resource (44 pages, digital, PDF file)

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2009.

System Details:

text file

Summary:

Examines Federal Reserve efforts to counteract financial turmoil since Aug. 2007, covering use of traditional and new tools to stabilize economy, including increasing reserves to the banking system through open market operations and lowering Federal funds rate and discount rate. Discusses Federal Reserve involvement in JPMorgan acquisition of Bear Stearns, loan to American International Group, and guarantees of Citigroup and Bank of America assets; and reviews policy considerations.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2010). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Congressional Research Service. Financial Turmoil

Access Restriction:

Restricted for use by site license.