FEDERAL RESERVE SYSTEM

Articles and editorials

Don't Like Bailouts? Consider the Alternatives, E1772 [11SE]

Bills and resolutions

Business and industry: prohibit Board of Governors from making funds available at a discount rate to private individuals, partnerships, and corporations (see S. 3510), S8948 [17SE]

Committee on Financial Bailouts (House, Select): establish (see H. Res. 1452), H8396 [17SE]

Dept. of the Treasury: establish an Office of Foreclosure Evaluation (see S. 3686), S10578 [17NO]

Economy: define a value for the dollar to stimulate the economy and provide for a sound U.S. dollar (see H.R. 6690), H7784 [31JY]

———focus on price stability in establishing monetary policy to ensure the stable, long-term purchasing power of the currency and repeal the Full Employment and Balanced Growth Act (see H.R. 6053), H3884 [14MY]

———increase quality and public accessibility of research on effects of monetary policy on distribution of wealth and the proportion of newly created monetary resources directed into various sectors of the economy (see H.R. 7260), H10827 [3OC]

———mandate price stability as the primary goal of the monetary policy of the Board of Governors and the Federal Open Market Committee (see H.R. 6042), H3776 [13MY]

———suspend capital gains tax, schedule government-sponsored enterprises for privatization, repeal Humphrey-Hawkins Full Employment Act, and suspend mark-to-market accounting requirements (see H.R. 7223), H10641 [29SE]

Expedited Funds Availability Act: provide a 1-time adjustment in certain dollar amounts to account for inflation and provide for future adjustments of such amounts on a regular basis (see H.R. 6871), H8048 [11SE]

Financial institutions: apply safety and soundness regulation to investment bank holding companies and implement reporting requirements for the purchase or sale of credit default swap contracts (see S. 3691), S10659 [19NO]

———provide for reform of fair value accounting standards (see H.R. 7190), H10300 [27SE]

FTC: investigate rise in gasoline prices relative to speculator manipulation of the financial markets (see H.R. 6647), H7307 [29JY]

Money: prohibit the Dept. of the Treasury and the FRS from proposing, prescribing, or implementing any regulation relative to monetary transactions (see H.R. 5767), H2223 [10AP]

Power resources: study effects of speculation in the futures markets on cash market, prices, and trading venue, and issue notice of proposed rulemaking on foreign regulation of futures and derivatives trading (see H.R. 6130), H4829 [22MY]

E-mails

FRS bailout of American International Group, Inc. (AIG) and energy prices: Michael Cembalest, JPMorgan Chase & Co., S8924 [17SE]

Letters

Committee on Financial Services (House) hearing on the merger of Bear Stearns Cos., Inc., and JPMorgan Chase & Co.: Representative Frank, Committee on Financial Services (House), H3127, H3162, H3171 [7MY]

———several Representatives, Committee on Financial Services (House), H3127, H3161, H3171 [7MY]

Merger of Bear Stearns Cos., Inc., and JPMorgan Chase & Co.: several Representatives, Committee on Financial Services (House), H3161 [7MY]

Press releases

Emergency Economic Stabilization Act: FRS Board of Governors, H10394 [29SE]

Remarks in House

Committee on Financial Bailouts (House, Select): establish (H. Res. 1452), H8547 [22SE]

Committee on Financial Services (House): hearing on merger of Bear Stearns Cos., Inc., and JPMorgan Chase & Co., H3160, H3170, H3172, H3175-H3177 [7MY], H3287 [8MY]

Credit: require FRS study on impact of credit availability for small businesses, veterans, or minorities prior to enacting legislation to enhance disclosure under an open end credit plan, H8612 [23SE]

Economy: national objectives priority assignments, E2334 [20NO]

———require the Board of Governors make public its actions and the impact of such actions on the economy, H1976 [3AP]

———suspend capital gains tax, schedule government-sponsored enterprises for privatization, repeal Humphrey-Hawkins Full Employment Act, and suspend mark-to-market accounting requirements (H.R. 7223), H10635 [29SE]

———suspend mark-to-market accounting requirements, H10633 [29SE]

Expedited Funds Availability Act: provide a 1-time adjustment in certain dollar amounts to account for inflation and provide for future adjustments of such amounts on a regular basis (H.R. 6871), E1772 [11SE]

Public debt: debt held by foreigners, H267, H268 [16JA], H612, H615 [6FE], H801 [7FE], H1575 [12MR], H5563 [18JN]

———debt held by foreigners through acquisition of U.S. sovereign wealth funds, H541 [29JA], H1400 [6MR]

Remarks in Senate

Dept. of the Treasury: establish an Office of Foreclosure Evaluation (S. 3686), S10582 [17NO]

Economy: address oversight authority needed to regulate investment banks and financial markets, S2212 [31MR], S10848-S10850 [10DE]

Financial institutions: apply safety and soundness regulation to investment bank holding companies and implement reporting requirements for the purchase or sale of credit default swap contracts (S. 3691), S10549 [17NO]

———reform regulation of U.S. financial markets, S10549 [17NO]

Presidential appointments: nominations considered and confirmed en bloc, S6332 [27JN]

Public debt: debt held by foreigners, S5010 [4JN], S9009 [18SE]

Reform, S9578 [26SE]

Reports filed

Expedited Funds Availability Dollar Limits Adjustment Act: Committee on Financial Services (House) (H.R. 6871) (H. Rept. 110-917), H10866 [9DE]

Statements

Foreclosure Diversion and Residential Mortgage Loan Modification Act: Senator Specter, S10583 [17NO]

S. 3268 ``Stop Oil Speculation Now''—A Weak Dollar Contributes to High Oil Prices, S7488 [26JY]

Texts of

S. 3510, prohibit FRS Board of Governors from making funds available at a discount rate to private individuals, partnerships, and corporations, S8954 [17SE]