Sentences with phrase «emergency lending program»

For example, in one emergency lending program, the Fed put out $ 9 trillion and over two - thirds of the money went to just three institutions: Citigroup, Morgan Stanley and Merrill Lynch.

As the financial crisis waned and the emergency lending programs were wound down, the Fed chairman faced a new challenge: A recovery hobbled by tight credit, a lackluster housing market and financial turmoil in Europe that left the unemployment rate at 9.1 percent two years after the expansion began.

Not exact matches

The Dodd - Frank Wall Street Reform and Consumer Protection Act of 2010 requires the Federal Reserve to release information concerning the borrowers and counterparties participating in emergency credit facilities, discount window lending programs and open market operations authorized or conducted by the Board of Governors or a Federal Reserve Bank.