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(Some of its credit programs have already been shut down).
The central bank is not yet throttling back its biggest emergency credit programs.
When the crisis was full-on in 2008, foreign institutions became even bigger beneficiaries of the Fed's credit programs.
At Cornell, he threw himself into rural development, irrigation management and credit programs for small farmers in the developing world.
Mr. Lacker, the statement said, preferred to expand the monetary base by purchasing Treasury securities rather than through targeted credit programs.
For many credit card issuers, delinquency rates peak within 18 to 24 months, said Anita Boomstein, a lawyer specializing in credit programs.
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Mr. Rubin said she also sparked interest in micro-credit programs among treasury officials.
Scholarships and tax-credit programs stimulate healthy competition that yields dramatic improvement in achievement among students of every income level.
To encourage tourists wary of rising air travel costs to visit, some Caribbean resorts are offering air-credit programs.
Kevin Welner, a professor of education at the University of Colorado, Boulder, who wrote a book on the tax-credit programs, dubbed them "neovouchers".
One big proponent of the tax-credit programs is the American Legislative Exchange Council, a coalition of conservative lawmakers and corporations that strongly influences many state legislatures.
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