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Results: 1-10 of 165

GAO publishes evaluation report on Treasury's decision making process on TALF

  • Alston & Bird LLP
  • -
  • USA
  • -
  • February 5 2010

Today, the Government Accountability Office (GAO) released a report entitled Troubled Asset Relief Program: Treasury Needs to Strengthen Its Decision-Making Process on the Term Asset-Backed Securities Loan Facility

Federal Reserve publishes Supervisory Capital Assessment Program results

  • Alston & Bird LLP
  • -
  • USA
  • -
  • May 7 2009

Today, the Federal Reserve released, in conjunction with the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency and the U.S. Treasury, the results of its "stress tests" on the 19 largest U.S. bank holding companies (BHCs) pursuant to the Supervisory Capital Assessment Program (SCAP

Treasury amends Senior Preferred Stock Purchase Agreements with Fannie Mae and Freddie Mac; announces conclusion of certain programs under Housing and Economic Recovery Act of 2008

  • Alston & Bird LLP
  • -
  • USA
  • -
  • December 28 2009

Last Thursday, Treasury announced that to further "support their ongoing stability," it has, for the second time, amended the terms of the Senior Preferred Stock Purchase Agreements (PSPAs) with Fannie Mae (FNM) and Freddie Mac (FRE), initially entered into in September 2008 following the conservatorships of both entities

Federal housing administration actuarial study reveals capital reserve ratio below statutory threshold

  • Alston & Bird LLP
  • -
  • USA
  • -
  • November 13 2009

Yesterday, the Federal Housing Administration (FHA) announced that its annual independent actuarial study revealed that the FHA has "sustained significant losses from loans made before 2009, and the capital reserve ratio has fallen below the congressionally mandated threshold."

OECD releases latest Economic Outlook

  • Alston & Bird LLP
  • -
  • Global, USA
  • -
  • November 19 2009

Today, the Organization for Economic Co-Operation and Development (OECD) released its latest Economic Outlook

Federal Reserve commits to expand balance sheet by $1.2 trillion

  • Alston & Bird LLP
  • -
  • USA
  • -
  • March 18 2009

In an effort to "employ all available tools to promote economic recovery and to preserve price stability," the Federal Reserve announced today that it will continue to expand its balance sheet by committing to purchase up to an additional $750 billion of agency mortgage-backed securities, bringing its total purchases of these securities up to $1.25 trillion this year, and to increase its purchases of agency debt this year by up to $100 billion to a total of up to $200 billion, as well as purchase up to $300 billion of longer-term Treasury securities over the next six months

Senator Nelson confirms support for financial reform legislation; Senate Democrats expected to overcome any potential Republican filibuster

  • Alston & Bird LLP
  • -
  • USA
  • -
  • July 13 2010

Today, Senator Ben Nelson (D-NE) confirmed that he will "vote for" the Dodd-Frank Wall Street Reform and Consumer Protection Act conference report, recently passed by the House before the July 4th recess, alleviating concerns that Senate Democrats might not have the 60 votes needed to overcome a Republican filibuster of the legislation

Federal Reserve approves final rule implementing certain provisions of Credit CARD Act effective February 22, 2010

  • Alston & Bird LLP
  • -
  • USA
  • -
  • January 25 2010

On January 12, 2010, the Federal Reserve Board approved a final rule (the “Final Rule”) amending Regulation Z (which implements the Truth in Lending Act (TILA)) and the related staff commentary (“Official Staff Interpretations”), in order to implement certain provisions of the Credit Card Accountability Responsibility and Disclosure Act of 2009 (the “Credit CARD Act” or the “Act”) that take effect on February 22, 2010

Senate banking committee holds hearing entitled "regulating and resolving institutions considered ‘too big to fail’"

  • Alston & Bird LLP
  • -
  • USA
  • -
  • May 6 2009

Today, the Senate Committee on Banking, Housing, and Urban Affairs held a hearing entitled "Regulating and Resolving Institutions Considered ‘Too Big to Fail’" to discuss the systemic risks associated with large and complex financial institutions, capital standards and the advantages and disadvantages of creating an alternative "resolution regime" for larger, non-bank institutions

FDIC adopts final rule extending Transaction Account Guarantee Program

  • Alston & Bird LLP
  • -
  • USA
  • -
  • August 27 2009

Yesterday, the FDIC issued a final rule providing for the limited extension until June 30, 2010 of the Transaction Account Guarantee (TAG) Program (a component of the FDIC’s Temporary Liquidity Guarantee Program, originally set to expire December 31, 2009), and a modified fee structure