Monday, November 10, 2008

The Federal Reserve System is revamping their site with new information because of the current crisis.


Dynamic maps of Bank Card and Mortgage Delinquencies in the United States

http://data.newyorkfed.org/creditconditionsmap/

There is also a notice that the Statistical Supplement to the Federal Reserve Bulletin will cease both online and print versions at:

http://www.federalreserve.gov/pubs/supplement/default.htm

Of current topical interest is the Troubled Assets Relief Program (TARP) Information page at:

http://www.federalreserve.gov/bankinforeg/tarpinfo.htm
which it describes:

"The federal banking and thrift regulatory agencies encourage all eligible institutions to use the Treasury Department's Capital Purchase Program and the Federal Deposit Insurance Corporation's Temporary Liquidity Guarantee Program. On October 14, 2008, the U.S. government announced a series of initiatives to strengthen market stability, improve the strength of financial institutions, and enhance market liquidity. Treasury announced a voluntary Capital Purchase Program to encourage U.S. financial institutions to build capital to increase the flow of financing to U.S. businesses and consumers and to support the U.S. economy. Under the program, Treasury will purchase up to $250 billion of senior preferred shares on standardized terms."

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