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News release: “The U.S. Treasury Department is continuing to develop the specific details surrounding the temporary guaranty program for money market funds that was announced on September 19, 2008. While these details are being finalized, Treasury is making the following clarifications…” Related postings on financial system
News release: “The U.S. Securities and Exchange Commission today approved amendments to its emergency order of September 18 (Release No. 58591) requiring that certain institutional money managers report their new short sales of certain publicly traded securities. In addition to making technical amendments, the revised order also provides that the information disclosed by investment managers …
Estimates of the Unauthorized Immigrant Population Residing in the United States: January 2007 (PDF – 7 pages): “This report provides estimates of the unauthorized immigrant population residing in the United States as of January 2007 for periods of entry and leading countries of birth and states of residence. Nonimmigrant Admissions to the United States: 2007 …
Center for Strategic and International Studies: Global Water Futures – A Roadmap for Future U.S. Policy, by Erik R. Peterson and Rachel Posner “U.S. policies on the range of pressing international water-related issueshumanitarian relief, human health, economic development, environmental stewardship, and stability and securityare fragmented, underresourced, and insufficiently coordinated. In particular, both the U.S. governments …
Center for Strategic and International Studies – Closing Guantánamo: From Bumper Sticker to Blueprint: A Report of the CSIS Human Rights and Security Initiative and the Working Group on Guantánamo and Detention Policy, by Sarah E. Mendelson. “Sarah Mendelson and the CSIS Working Group on Guantánamo and Detention Policy have concluded that the costs of …
September 19, 2008 Memorandum For the Secretary of the Treasury Subject: Use of the Department of the Treasury’s Exchange Stabilization Fund to Support a Guaranty Facility for Certain Money Market Mutual Funds Pursuant to section 10(b) of the Gold Reserve Act of 1934, as amended, 31 U.S.C. 5302(b), I approve the use of funds from …
September 18, 2008 – Royalty Relief for U.S. Deepwater Oil and Gas Leases September 18, 2008 – Reauthorization of the Federal Maritime Commission (FMC): Opportunity to Reexamine the Congressionally Mandated Antitrust Exemption for Ocean Liner Carriers? September 16, 2008 – Japan’s Political Turmoil in 2008: Background and Implications for the United States September 16, 2008 …
News release: “The Treasury Department has submitted legislation to the Congress requesting authority to purchase troubled assets from financial institutions in order to promote market stability, and help protect American families and the US economy. This program is intended to fundamentally and comprehensively address the root cause of our financial system’s stresses by removing distressed …
New York Times: “The Bush administration on Saturday formally proposed a vast bailout of the United States financial system, requesting unfettered authority for the Treasury Department to buy up to $700 billion in mortgage-related assets from financial institutions based in the United States. The proposal, not quite three pages long, was stunning for its stark …
News release: “For many years the President and his Administration have not only warned of the systemic consequences of financial turmoil at a housing government-sponsored enterprise (GSE) but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties. President Bush publicly called for GSE reform …
Concerns about the Treasury Rescue Plan – Financial Markets, Financial Institutions, Federal Reserve, Governance, U.S. Economy, Douglas W. Elmendorf, Senior Fellow, Economic Studies, The Brookings Institution, September 19, 2008 “Amid continued tumult in financial markets, the Treasury Department has developed a systematic plan to stabilize the financial system. Observers have been worried that the huge …
“The Federal Reserve Board on Friday announced two enhancements to its programs to provide liquidity to markets. One initiative will extend non-recourse loans at the primary credit rate to U.S. depository institutions and bank holding companies to finance their purchases of high-quality asset-backed commercial paper (ABCP) from money market mutual funds. This should assist money …
