Follow the $8.5 trillion:
Breakdown of the government's rescue funds
Updated
11/25/08
Federal Reserve Programs Maximum
commitment
Tapped
so far
Commercial paper program
Buys short-term notes from companies, which use the proceeds to pay bills
$1.8 trillion $271 billion
Term auction facility
Provides a negotiated rate for banks to borrow from the Fed
$900 billion $415 billion
Other assets
$606 billion $606 billion
Finance company debt purchases
Buys debt issued or backed by government-chartered housing-finance companies including Fannie Mae and Freddie Mac in an effort to reduce their debt costs and thereby lower mortgage rates
$600 billion $0
Money market investor funding facility
Buys assets from financial companies to bolster money-market mutual funds
$540 billion $0
Citigroup bailout
The Fed agreed to guarantee $291 billion of Citigroup's toxic assets
$291 billion $291 billion
Term securities lending
Allows financial firms to borrow Treasury bonds in exchange for collateral
$250 billion $190 billion
Term asset-backed loan facility
Lends money to owners of top-rated securities that are backed by school, car, credit-card and small business loans
$200 billion $0
Other credit extensions
Loan to American International Group
$123 billion $87 billion
Discount window
Lends directly to commercial banks
$92 billion $92 billion
Commercial paper program 2
Lends to banks so they can buy commercial paper from mutual funds
$62 billion $62 billion
Discount window 2
Lends directly to all financial firms, including securities firms
$50 billion $50 billion
Bear Sterns assets
The Fed guaranteed $29 billion of the firm's assets when JPMorgan Chase bought it
$29 billion $27 billion
Overnight loans
Makes one-day loans to banks based on collateral
$10 billion $10 billion
Secondary credit
Lends at higher interest rates when collateral is weaker
$118 million $118 million
Federal Reserve total $5.5 trillion $2.1 trillion
Federal Deposit Insurance Corp. Programs Maximum
commitment
Tapped
so far
Loan guarantees
Takes the risk out of bank-to-bank lending
$1.4 trillion $0
Guarantee to GE Capital
Supports the lending arm of General Electric
$139 billion $139 billion
Citigroup bailout
FDIC agreed to guarantee $10 billion of Citigrouo's toxic assets
$10 billion $10 billion
Federal Deposit Insurance Corp. total $1.5 trillion $149 billion
Treasury Department Programs Maximum
commitment
Tapped
so far
Troubled Asset Relief Program
Approved by Congress
$700 billion $375 billion
Stimulus package
Checks mailed to taxpayers last spring
$168 billion $168 billion
Treasury Exchange Stabilization Fund
Buys and sells short-term notes to moderate fluctuations in foreign currency exchange rates
$50 billion $50 billion
Tax breaks for banks
$29 billion $29 billion
Treasury Department total $1.1 trillion $597 billion
Federal Housing Administration Programs Maximum
commitment
Tapped
so far
Hope for Homeowners
Provides loan guarantees for struggling mortgage borrowers
$300 billion $300 billion
Federal Housing Administration total $300 billion $300 billion
U.S. Government total $8.5 trillion $3.2 trillion
Sources: Federal Reserve; Federal Deposit Insurance Corporation; Federal Housing Administration; Treasury Department; Bloomberg