Publisher

Federal Reserve System: Board of Governors

Media Date

7-13-2008

Media Type

Document

Content Type

Press Release

Country/Region

United States

Language

English

Crisis

Global Financial Crisis (2007-2009)

Case Series

The Rescue of Fannie Mae and Freddie Mac

Intervention

Capital Injection -Specific Firms; Emergency Liquidity-Specific Firm

Additional Information

The Board of Governors of the Federal Reserve System announce that it has granted the Federal Reserve Bank of New York the authority to lend to Fannie Mae and Freddie Mac should such lending prove necessary.

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