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The central bank is not yet throttling back its biggest emergency credit programs.
But whenever discussion got more specific, Fed officials insisted that monetary policy extended to many if not most of the Fed's emergency credit programs.
In addition, the Fed has tried to pump up financial markets and the economy by more than doubling the size of its balance sheet, creating more than $1 trillion in new money for its emergency credit programs and to drive down long-term interest rates by buying Treasury bonds and mortgage-backed securities.
In addition, the Fed has tried to pump up financial markets and the economy by more than doubling the size of its balance sheet -- creating more than $1 trillion in new money for its emergency credit programs and to drive down long-term interest rates by purchasing Treasury bonds and mortgage-backed securities.
WASHINGTON — With banks still tightening their lending standards, and borrowers skittish about taking on debt, the Federal Reserve and the Treasury extended one of their main emergency credit programs — the Term Asset-Backed Securities Lending Facility, or TALF — for several more months.
Specifically, he states on his website that the audit called for in the 2010 bill only focused on emergency credit programs and procedural issues, rather than on the substantive details of the lending transactions.
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The programs, which vary by state, generally allow troubled communities to tap emergency credit lines while restructuring their finances with some form of state oversight.
Greece needed an emergency credit lifeline to stay afloat.
They should keep a better eye on credit programs.
In place of cash, they have arranged emergency credit lines at banks.
From 1992 through 1996 the IMF provided nearly $20 billion in emergency credit to the Yeltsin government.
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