Loans
Lehman Brothers Bankruptcy Loans
Date:
September 15, 2008
Policy Area:
Financial Sector Policy
Economic Target:
Financial Institutions
Action Type:
Loans
Maximum Amount:
$138.00 billion Total of two loans from Federal Reserve to J.P. Morgan to promote orderly dismantling of Lehman Brothers assets and trades.
Notes:
Loan was issued by Fed to J.P. Morgan and paid back in its entirety. Activities of the Federal Reserve are not directly recorded in the federal budget. However, each year the Federal Reserve remits a portion of its earnings to the general treasury. This remittance is generally in the range of $20-$30 billion per year, but the CBO estimates that the Fed's earnings will be lower by approximately $90 billion over the next ten years.
Forward Term Auction Loan Facility
Date:
September 29, 2008
Policy Area:
Financial Sector Policy
Economic Target:
Financial Institutions
Action Type:
Loans
Maximum Amount:
$44.00 billion Total of two auctions for 17-day and 13-day Term Auction Facility (TAF) loans conducted in December, designed to provide market reassurance about availability of TAF funding at year end. Loans came due in late December 2008 and early January 2009 (all already repaid).
Notes:
Maximum amount indicates amount lent across both options. Amount spent indicates net cost of loans.
Activities of the Federal Reserve are not directly recorded in the federal budget. However, each year the Federal Reserve remits a portion of its earnings to the general treasury. This remittance is generally in the range of $20-$30 billion per year, but the CBO estimates that the Fed's earnings will be lower by approximately $90 billion over the next ten years.
Public-Private Investment Fund
Date:
February 10, 2009
Who:
Treasury
Policy Area:
Financial Sector Policy
Economic Target:
Financial Institutions
Action Type:
Loans
Maximum Amount:
$0.00 billion See the companion FDIC entry for the Public-Private Investment Fund
Program first announced by Treasury Secretary Geithner on 2/10/2009.
Support of Small Business Credit
Date:
March 16, 2009
Who:
SBA
Policy Area:
Sector Policy (Non-Financial)
Economic Target:
Other Business
Action Type:
Loans
Maximum Amount:
$15.00 billion Program begun by the Treasury and Small Business Administration (SBA) to address a systemic lack of small business credit.
Notes:
Maximum amount represents announced upper limit for SBA-backed security purchases. Amount spent is total investment amount as of 3/22/2012. Deficit impact unknown.
