|
|
|
|
|
|
|
|
MAXIMUM |
TAPPED |
| US
GOVERNMENT/FEDERAL RESERVE BAILOUT PROGRAM |
|
COMMITMENT |
SO FAR |
| Federal
Reserve Programs |
|
|
| |
Commercial paper program |
|
1,800 |
271 |
| |
Buys short-term notes
from companies which use the proceeds to pay bills |
|
|
|
| |
Term auction facility |
|
900 |
415 |
| |
Provides a negotiated
rate for banks to borrow from the Fed |
|
|
|
| |
Other Assets |
|
606 |
606 |
| |
Finance company debt
purchases |
|
600 |
0 |
| |
Buys debt issued or
backed by government chartered housing finance companies |
|
|
| |
including Fannie Mae and
Freddie Mac in an effort to reduce their debt costs and |
|
|
| |
thereby lower mortgage
rates |
|
|
|
| |
Money market investor
funding facility |
|
540 |
0 |
| |
Buys assets from
financial companies to bolster money market mutual funds |
|
|
|
| |
Citigroup bailout |
|
291 |
291 |
| |
The Fed agreed to
guarantee $291 billion of Citigroup's toxic assets |
|
|
|
| |
Term securities lending |
|
250 |
190 |
| |
Allows financial firms to
borrow Treasury bonks in exchange for collateral |
|
|
|
| |
Term asset backed loan
facility |
|
200 |
0 |
| |
Lends money to owners of
top rated securities that are backed by school, car |
|
|
|
| |
credit card and small
business loans |
|
|
|
| |
Other credit extensions |
|
123 |
87 |
| |
Loan to AIG |
|
|
|
| |
Discount window |
|
92 |
92 |
| |
Lends directly to
commercial banks |
|
|
|
| |
Commercial paper program
2 |
|
62 |
62 |
| |
Lends to banks so they
can buy commercial paper from mutual funds |
|
|
|
| |
Discount window 2 |
|
50 |
50 |
| |
Lends directly to all
financial firms, including securities firms |
|
|
|
| |
Bear Stearns assets |
|
29 |
27 |
| |
The Fed guaranteed $29
billion of the firm's assets when JPMorgan Chase bought it |
|
|
| |
Overnight loans |
|
10 |
10 |
| |
Makes one day loans to
banks based on collateral |
|
|
|
| |
Secondary credit |
|
118 |
118 |
| |
Lends at higher interest
rates when collateral is weaker |
|
|
|
| |
|
|
|
|
Total Federal Reserve |
|
5,671 |
2,219 |
|
|
| Federal
Deposit Insurance Corp |
|
|
|
Loan guarantees |
|
1,400 |
0 |
|
Takes the risk out of
bank to bank lending |
|
|
|
|
Guarantee to GE Capital |
|
139 |
139 |
|
Supports the lending arm
of General Electric |
|
|
|
|
Citigroup bailout |
|
10 |
10 |
|
FDIC agreed to guarantee
$10 billion of Citigroup's toxic assets |
|
|
|
|
|
|
|
Total FDIC |
|
1,549 |
149 |
|
|
| Treasury
Department Programs |
|
|
|
|
Troubled Asset Relief
Program |
|
700 |
375 |
|
Approved by Congress |
|
|
|
|
Stimulus package |
|
168 |
168 |
|
Checks mailed to
taxpayers last spring |
|
|
|
|
Treasury Exchange
Stabilization Fund |
|
50 |
50 |
|
Buys and sells short term
notes to moderate fluctuations in foreign currency |
|
|
|
|
exchange rates |
|
|
|
|
Tax breaks for banks |
|
29 |
29 |
|
Allowed acquiring banks
to use acquired banks tax losses |
|
|
|
|
|
|
|
Treasury Department Total |
|
947 |
622 |
|
|
| Federal
Housing Administration Program |
|
|
|
Hope for Homeowners |
|
300 |
300 |
|
Provides loan guarantees
for struggling mortgage borrowers |
|
|
|
|
|
|
|
Total Federal Housing
Administration total |
|
300 |
300 |
|
|
| Total
All Programs (billions) |
|
8,467 |
3,290 |
|
|
| Number
of US Households (billions) |
|
0.111 |
0.111 |
|
|
| Total
Per Household ($) |
|
$76,279 |
$29,640 |
| From
Sfgate.com |
|
|
|
|
|
|
|
|
|
|
|
|