The central bank said that it would continue the asset purchases until it was satisfied the program had worked, but it did not designate a time frame or a specific economic benchmark for when it would stop.
The memorandum continued: "The assets currently being discussed include access to: (1) postseason competition, (2) a full array of athletic scholarships and (3) N.C.A.A. revenue".
Kay Boycott, from housing and homelessness charity Shelter, said: "Unless any new right-to-buy scheme ensures one-for-one replacement of each home sold with a genuinely affordable home, these programmes will simply continue the asset-stripping of our housing stock.
But the committee has not decided on whether to continue the $600 billion asset purchase program through June, or to scale it back early.
The Fed repeated that it plans to continue trimming the asset purchases in "measured steps" as long as labor conditions continue to improve and inflation shows signs of rising back toward the Fed's 2-percent goal.
Excite@Home said it had retained Houlihan Lokey Howard & Zukin Capital to help in continuing the bidding process for its assets.
This process continues until the asset is fully depreciated.
Under Texas forfeiture law, counties can keep most of the money and property they rustle up.As the drug war continues, the practice of asset forfeiture has come under question.
By that time, the Treasury should be ready with a comprehensive plan for the banks' continuing "toxic asset" problem, which should be carried out as nearly concurrently with the full stimulus as possible, for maximum effect on the confidence of everyone.
But many analysts have cautioned that one-time items and liberal accounting were allowing banks to dress up what would otherwise, considering the continuing deterioration of asset values, have been a bad quarter.
