The Fed now pays interest on depository institutions' required and excess reserve balances; there is now a Commercial Paper Funding Facility; the Fed lends billions of dollars to AIG—but not Lehman Brothers; and Freddie Mac and Fannie Mae are now in conservator status.
Are you keeping it all straight?
With major Federal Reserve actions, economic decisions and related events coming in a flurry since late summer, the Board of Governors created a comprehensive web page encompassing all of the news and decisions. Here, you’ll find links to press releases, Federal Register notices, relevant speeches and congressional testimony, and other related information. Materials are organized by date.