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Federal Reserve "Disclosures of Detailed Information on Liquidity Programs and Open Market Operations"

"On July 21, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the "Dodd-Frank Act") was signed into law. The Dodd-Frank Act included changes that were designed to promote transparency while protecting monetary policy independence and the efficacy of the Federal Reserve’s liquidity programs and open market operations (OMOs).

As required by the Dodd-Frank Act, on December 1, 2010, the Federal Reserve disclosed detailed information about (i) entities that received loans or other financial assistance under a Section 13(3) credit facility between December 1, 2007, and July 21, 2010; and (ii) persons or entities that participated in the agency mortgage-backed securities (MBS) purchase program, used foreign currency liquidity swap lines, or borrowed through the Term Auction Facility (TAF) during that time frame. This information includes:

The identity of the entities provided financial assistance under the facility;
The type of financial assistance provided;
The value or amount of the assistance;
The date on which the assistance was provided;
The specific terms of any repayment expected, including the repayment time period, interest charges, collateral, limitations on executive compensation or dividends, and other material terms; and
The specific rationale for the facility."

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