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Explore the impact of the economic crisis on money and the financial system, with insights on stress tests, capitalization, and market confidence.
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Economic Crisis Money and the Financial System April 27, 2009
Economy Today http://www.financialstability.gov/latest/tg_042409.html FINANCIAL STABILITY OVERSIGHT BOARD Ben S. Bernanke, Chairperson Chairman Board of Governors of the Federal Reserve System Timothy M. Geithner Secretary Department of the Treasury Shaun Donovan Secretary Department of Housing and Urban Development Mary L. Schapiro Chairman Securities and Exchange Commission James B. Lockhart III Director Federal Housing Finance Agency
Capital Purchase Program Troubled Asset Relief Program Transactions Report For Period Ending April 22, 2009 CAPITAL PURCHASE PROGRAM http://www.financialstability.gov/docs/transaction-reports/transaction_report_04-24-2009.pdf
Stress Tests http://www.federalreserve.gov/newsevents/press/bcreg/20090424a.htm
Next Turn? Oliver Wyman, Morgan Stanley Further deleveraging likely: the 15 largest banks have so far shrunk balance sheets by $3.6 trillion and we estimate another ~$2 trillion for 2009. http://www.morganstanley.com/views/perspectives/files/RI_MS_OW_30MARCH09[1].pdf
Discussion Why stress tests are being conducted on19 largest banks? Why it is important for banks to be sufficiently capitalized? How does confidence affect financial market performances? http://www.financialstability.gov/