Commercial paper funding facility
’Behind those Bloomberg banks-profit-from-Fed figures
Bloomberg fought and won a lengthy case against the Federal Reserve to obtain the details of the various US bailout programmes. That was back in the summer. FT Alphaville salutes them for it, as have many others.
Your guide to the Fed’s $3.3 trillion data dump
Cast your minds back to 2007, 2008 and 2009 — and think hard.
You’ll need to. The Federal Reserve has just released the mother-of-all data dumps — showing who received payouts from its circa $3,000bn bailout programmes,
Commercial paper market shrinkage
Federal Reserve data released on Thursday shows no improvement in the commercial paper market.
In fact,the size of the outstanding market has shrunk to a record low:
Of course, a lot of this is down to alternative facilities,
