Banks reduce borrowing from Federal Reserve's emergency loan programs over past weekOctober 8th, 2009 Banks cut use of Fed emergency lending programsWASHINGTON — Banks reduced their borrowing from the Federal Reserve's emergency lending facility over the past week, and cut back their use of other programs designed to ease the financial crisis. The Fed said Thursday that banks averaged $27.9 billion in daily borrowing over the week ended Wednesday, down slightly from $28 billion in the week ended Sept.
Banks reduce borrowing from Federal Reserve's emergency lending programsOctober 1st, 2009 Banks trim use of emergency Fed programsWASHINGTON — Banks reduced their borrowing from the Federal Reserve's emergency lending facility over the past week, and cut back on their use of other programs designed to ease the financial crisis. The reductions indicate that banks are having an easier time borrowing in private markets for short-term loans.
Summary Box: Fed says economy is picking up; decides to slow down supportSeptember 23rd, 2009 Summary Box: Fed says economy is picking upIMPROVING PICTURE: Federal Reserve policymakers upgraded their view of the economy, saying "economic activity has picked up."
SLOWING SOME SUPPORT: The Fed decided to stretch out a program intended to lower mortgage rates and prop up the housing market. It says it will complete its $1.45 trillion program to buy mortgage-backed securities and debt by the end of March, rather than the end of this year.
Treasury says it will start winding down emergency rescue program to buy time for debt ceilingSeptember 16th, 2009 Treasury says it will wind down emergency programWASHINGTON — The Treasury Department said Wednesday it will begin winding down one of the emergency programs created at the height of the financial crisis to give the government more time before it hits the national debt limit. Treasury said in a statement that it planned to trim the size of its Supplementary Account to $15 billion.
Citigroup shareholders approve a plan that will allow bank to complete debt exchange programSeptember 3rd, 2009 Citi shareholders OK increase in outstanding stockNEW YORK — Citigroup Inc. said Thursday that shareholders approved a plan to increase the number of outstanding shares so it can complete a debt exchange program that gives the government a minority stake in the banking giant.
Asian stock markets rebound after Fed signals waning US recession; Nikkei up 1 percentAugust 13th, 2009 Asia stocks rebound after Fed boosts economic viewHONG KONG — Asian stocks rebounded Thursday after the U.S. Federal Reserve said the world's largest economy appeared to be "leveling out" from its worst recession in decades.
Fed gives vote of confidence in economy, with jobless and retail reports to comeAugust 13th, 2009 Fed says economy leveling, new indicators are dueWASHINGTON — The Federal Reserve said the economy may be "leveling out" as it held interest rates at record lows, while the weekly jobless claims to be released Thursday may give another sign of whether the recession is nearing an end. Meanwhile, retail sales are likely to show an improvement in consumer spending, helped by the Cash for Clunkers program.
World markets shoot higher after Fed signals waning US recession; Hong Kong jumps 2 percentAugust 13th, 2009 World stocks bounce after Fed boosts economic viewHONG KONG — World stock markets shot higher Thursday after the U.S. Federal Reserve said the world's largest economy appeared to be "leveling out" from its worst recession in decades.
Fed signals end of government debt-buying program; keeps key bank lending rate at record lowAugust 12th, 2009 Fed more hopeful on economy; holds record low rateWASHINGTON — The Federal Reserve delivered a vote of confidence in the economy Wednesday, saying it would slow the pace of an emergency rescue program as the recession appears to be ending. The central bank also held a key banking lending rate at a record low near zero and again pledged to keep it there for "an extended period" to nurture an anticipated recovery.
Stocks hold on to gains as Federal Reserve, slightly more upbeat, sees economy 'leveling out'August 12th, 2009 Stocks hold gains as Fed ups view of economyNEW YORK — A more upbeat Federal Reserve reassured investors that they've been making the right bets. Stocks held on to their sharp gains Wednesday after the Fed, ending a two-day policy meeting, issued a more optimistic view of the economy and said it appears to be "leveling out." That was a significant change from the central bank's June assessment that the economy was shrinking at a slower pace.
Treasurys fall as Fed plans to ease gov't debt purchases, stocks soarAugust 12th, 2009 Treasurys fall as Fed plans to ease debt purchasesNEW YORK — Long-term Treasurys fell Wednesday after the Federal Reserve said it would wind down its purchases of government debt and as a surge in stocks lured investors away from safe-haven assets. Investors moved out of Treasurys, sending yields higher after the central bank said it would slow its buying of government debt in the coming weeks in order to hit its target of purchasing $300 billion in Treasurys by the end of October.
Dollar slides as Fed signals confidence in the economy, holds key lending rate at record lowAugust 12th, 2009 Dollar falls on Fed optimism on the economyNEW YORK — The dollar fell Wednesday after the Federal Reserve delivered a vote of confidence in the economy and held a key bank lending rate at a record low near zero. Meanwhile, the Commerce Department said that the U.S.
Fed sees economy 'leveling out,' slows government debt-buying programAugust 12th, 2009 Fed says economy leveling out; rates stay at lowsWASHINGTON — The Federal Reserve delivered a vote of confidence in the economy Wednesday, saying it would slow the pace of an emergency rescue program and indicating the recession appears to be ending. The central bank also held interest rates steady at record lows, with a closely watched bank lending rate near zero, and again pledged to keep them there for "an extended period" to nurture an anticipated recovery.
Treasurys trade mixed as stocks retreat; Gov't says it will auction record $75B in 3QAugust 5th, 2009 Treasurys zigzag after service industry slidesNEW YORK — Treasury prices were mixed Wednesday as investors pulled some money from the stock market after its big rally. Investors were seeking the safety of government debt as stocks retreated and after a reading on the U.S.
Fed, Bernanke mulled possible rate cut to zero, other unconventional options in 2003May 8th, 2009 Fed, Bernanke mulled unconventional options in '03WASHINGTON — Ben Bernanke has done something no other Federal Reserve chairman has done before: cut rates to near zero and resorted to unconventional tools to lift the country out of recession. But new documents out Wednesday show Fed policymakers in 2003 spent time discussing how it might handle such a scenario.
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