Upload_transparent

Assessing Treasury’s Strategy: Six Months of TARP Cop 040709 Report

 
 
 
 
 
Download PDF FREE
Value This
Doc
Scribd
Average
     
Pages: 151 43
Words: 55462 13640
Characters: 363122 81678
Lines: 1583 623
     
     
Letters per word: 6.55 5.99
Words per line: 35.04 21.89
Words per page: 367.3 317.21

Add to your reading list

Flag_red Flag this document

Document Information

1,225 Reads | 0 Comments

Description

The April oversight report for COP is entitled Assessing Treasury’s Strategy: Six Months of TARP. In this report, COP offers a preliminary look at Treasury’s strategy and offers a comparative analysis of previous efforts to combat banking crises in the past.
Over the last six months, Treasury has spent or committed $590.4 billion of the TARP funds. Treasury has also relied heavily on the use of the Federal Reserve’s balance sheet which has expanded by more than $1.5 trillion (not including expected TALF loans) in conjunction with the financial stabilization activities it has undertaken beyond its monetary policy operations. This has allowed Treasury to leverage TARP funds well beyond the funds appropriated by Congress.

The total value of all direct spending, loans and guarantees provided to date in conjunction with the financial stability efforts (including those of the FDIC as well as the Treasury and the Federal Reserve) now exceeds $4 trillion. This report reviews in considerable detail specific criteria for evaluating the impact of these programs on financial markets.

Pdf_16x16 151 Pages


Date Added

04/08/2009

Category
Tags
Groups
Copyright

Attribution Non-commercial

More info »

 

or use Facebook Connect