Fed proposes expanding field of credit ratings agencies for TALF lending programOctober 5th, 2009 Fed seeks ratings competition for lending programWASHINGTON — The Federal Reserve may expand the field of credit ratings agencies that determine the eligibility of securities pledged for loans in a government program aimed at sparking more consumer and business lending. The Fed on Monday proposed allowing agencies that have registered with the Securities and Exchange Commission and that have experience with the securities being rated.
Treasury says 3 more investment firms approved for toxic asset purchase programOctober 4th, 2009 3 more investment firms approved for asset programWASHINGTON — Three more large investment firms have raised sufficient capital to participate in the joint partnership with the government to purchase toxic assets from banks. The Treasury Department said Alliance Bernstein LP and BlackRock Inc., both headquartered in New York City, and Wellington Management Co., based in Boston, had all raised the $500 million minimum to begin operations.
Bernanke: Despite financial improvements, program to spark consumer lending still neededSeptember 25th, 2009 Bernanke: Consumer loan program still neededWASHINGTON — Federal Reserve Chairman Ben Bernanke said Friday a government program intended to spark lending to consumers and businesses is still necessary even with other emergency lending programs winding down as the economy recovers. "An ongoing need still clearly exists" for the program, which also is aimed at making sure loans flow to the troubled commercial real estate market, Bernanke said in brief remarks to a conference here sponsored by the Congressional Black Caucus Foundation.
Bank of America names Andrew Plepler its new consumer policy executiveSeptember 9th, 2009 Bank of America names head of consumer policyCHARLOTTE, N.C. — Bank of America Corp.
With credit tight, Federal Reserve extends consumer lending program through MarchAugust 18th, 2009 With credit tight, Fed extends consumer loan planWASHINGTON — With banks limiting the availability of auto, student and other consumer loans, the Federal Reserve said Monday it would extend a program intended to help spur more lending at low rates. The program is set up to provide up to $1 trillion in low-cost financing to investors to buy securities backed by consumer and commercial loans.
Fed extends consumer lending program through March, will not expand types of loans madeAugust 17th, 2009 Fed extends consumer lending program through MarchWASHINGTON — The Federal Reserve has extended the length of a program intended to spur lending to consumers and small businesses at lower rates, but the central bank said it had no plans to expand the types of loans being made. The Fed said Monday it was extending its Term Asset-Backed Securities Loan Facility through March 31 for most of the types of loans it makes.
Fed signals end of government debt-buying program; says economy 'leveling out'August 12th, 2009 Fed signals vote of confidence in economyWASHINGTON — The Federal Reserve delivered a vote of confidence in the recovery on Wednesday, declaring that economic activity is "leveling out." The central bank also signaled that it would end one of its programs aimed at propping up the economy, and kept a key lending rate at a record low. The Fed said it would gradually slow the pace of its program to buy $300 billion worth of Treasury securities so that it will shut down at the end of October, versus September.
Investors seek $6.9B worth of loans in August from federal program to spur consumer creditAugust 6th, 2009 Demand rises for gov't consumer credit programWASHINGTON — Investors' appetite picked up this month for a government program aimed at spurring lending to consumers and small businesses at lower rates. The Federal Reserve Bank of New York said Thursday that investors requested $6.9 billion worth of loans.
Government program to spark consumer lending backs 9 deals worth $12 billion in JulyJuly 10th, 2009 Fed program backs $12B in consumer loans in JulyWASHINGTON — A government program intended to spark lending to consumers and small businesses at cheaper rates supported nine deals worth a total of roughly $12 billion this month, down about 27 percent from June's total. Earlier this week, the Federal Reserve Bank of New York reported that investors requested $5.4 billion worth of loans in July as part of the program to boost consumer lending.
Investors seek $5.4 billion worth of loans in July in federal program to spur consumer creditJuly 7th, 2009 July demand dips for gov't consumer credit programWASHINGTON — Investors on Tuesday showed a smaller appetite for participating in a government program intended to spur lending to consumers and small businesses at lower rates. Investors requested $5.4 billion worth of loans, the Federal Reserve Bank of New York said.
Investors show no appetite for Fed program to bolster commercial real-estate loansJune 16th, 2009 Commercial real-estate loans draw no interestWASHINGTON — Investors showed no appetite for a government plan intended to boost the availability of commercial real-estate loans. The Federal Reserve Bank of New York says it received no investor requests for loans by Tuesday's deadline.
Investors request $11.5 billion worth of loans from Fed consumer lending programJune 2nd, 2009 Investors seek $11.5B from consumer loan programWASHINGTON — Investors on Tuesday showed a bigger appetite for participating in a government program intended to boost the availability of loans to consumers and small businesses at cheaper rates. Investors requested $11.5 billion worth of loans, the Federal Reserve Bank of New York said.
Consumer, commercial lending down in March for banks that took taxpayer moneyJune 1st, 2009 Bailed-out banks lent less money in MarchWASHINGTON — Banks that received taxpayer bailouts had a lower average level of loans outstanding as of the end of March than a month earlier, the Treasury Department reported Monday. Five hundred of the more than 600 banks participating in the $700 billion financial system rescue had an average of $5.24 billion in loans oustanding on March 31, down 0.8 percent from the $5.28 billion average they showed at the end of February.
Banks, investment firms borrow less over past week from Fed's emergency lending programMay 8th, 2009 Banks, investment firms draw less from FedWASHINGTON — The Federal Reserve says banks and investment firms borrowed far less over the past week from its emergency lending program, a hopeful sign some credit stresses are easing. The Fed says commercial banks averaged $40.9 billion in daily borrowing over the past week that ended Wednesday.
Investors request $10.6 billion in TALF loans from Fed, demand up for consumer lending programMay 5th, 2009 Investors request $10.6B in TALF loans from FedWASHINGTON — Demand surged this month from investors seeking to participate in a government program aimed at jump-starting lending to consumers and small businesses. Investors requested $10.6 billion worth of loans, the Federal Reserve Bank of New York said Tuesday.
Loading ...