Stimulus Watch:
Government Responses to the Financial & Economic Crisis

This interactive “Stimulus Watch” table provides a detailed description of government actions taken to deal with the recent financial and economic turmoil. All actions are clickable, sortable, and filterable. For a complete overview of how to use this table, watch this introductory video or read this table key. Users can also contact us with any questions or comments.

Due to differences in how figures are calculated and interactions between numbers, the numbers in the “Maximum Amount" and “Spent” columns cannot be meaningfully added to obtain a total.


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Policy Area
Economic TargetAction TypeWho
Datesort iconWhoAction
Max.
Amount
(in bil)
Amount
Spent
(in bil)
Deficit
Impact
(in bil)
03/02/09FedTARP: AIG EQUITY CAPITAL FACILITY$30$0$0
02/27/09FDICTAKEOVERS OF SMALL BANKS IN 2009$6$1$2
02/18/09OtherHOME AFFORDABLE REFINANCE PROGRAM**
02/18/09TreasuryTARP: HOME AFFORDABLE MODIFICATION PROGRAM$75$0*$0
02/17/09CongressSTIMULUS 2009: DIRECT ASSISTANCE TO INDIVIDUALS$81$0$78
02/17/09CongressSTIMULUS 2009: INFRASTRUCTURE$143$0$142
02/17/09CongressSTIMULUS 2009: AID TO STATES$146$0$146
02/17/09CongressSTIMULUS 2009: HEALTH CARE SPENDING$64$0$64
02/17/09CongressSTIMULUS 2009: EDUCATION$51$0$49
02/17/09CongressSTIMULUS 2009: MAKING WORK PAY TAX CREDIT$116$0$116
02/17/09CongressSTIMULUS 2009: ALTERNATIVE MINIMUM TAX PATCH$85$0$70
02/17/09CongressSTIMULUS 2009: OTHER INDIVIDUAL TAX BREAKS$46$0$46
02/17/09CongressSTIMULUS 2009: CORPORATE TAX BREAKS$86$0$6
02/17/09CongressSTIMULUS 2009: OTHER TAX PROVISIONS$45$0$45
02/17/09CongressSTIMULUS 2009: OTHER SPENDING PROVISIONS$23$0$23
02/10/09TreasuryTARP: CAPITAL ASSISTANCE PROGRAM*$0*
02/10/09Treasury | Fed | FDICTARP: PUBLIC-PRIVATE INVESTMENT FUND*$0*
01/28/09NCUAUS CENTRAL FEDERAL CREDIT UNION CAPITAL INJECTION $1$1*
01/28/09NCUAGUARANTEE OF CORPORATE CREDIT UNION SHARES~$80$0$0
01/16/09TreasuryTARP: PURCHASE OF BANK OF AMERICA PREFERRED STOCK$20$20$6
01/16/09FedFED GUARANTEE OF BANK OF AMERICA ASSETS$87$0
01/16/09TreasuryTARP: TREASURY GUARANTEE OF BANK OF AMERICA ASSETS$8$0$0
01/16/09FDICFDIC GUARANTEE OF BANK OF AMERICA ASSETS$3$0
01/06/09IRSIRS RELIEF FOR STRUGGLING TAXPAYERS ***
12/31/08FDICTAKEOVERS OF SMALL BANKS IN 2008$21$4$4
12/23/08CongressPENSION RELIEF$2$2$2
12/19/08TreasuryTARP: LOANS TO AUTOMAKERS$25$25$15
12/16/08FedINTEREST RATE CUT: 1% TO BETWEEN 0.25% AND 0%
12/11/08NCUALOANS TO CREDIT UNIONS$41$5*
11/25/08FedPURCHASE OF FANNIE/FREDDIE DEBT AND ASSETS$600$107
11/25/08FedTERM ASSET-BACKED SECURITIES LOAN FACILITY$1,000$0
11/25/08TreasuryTARP: CREDIT PROTECTION FOR FED LOAN FACILITY$100$0$0
11/23/08FedFED GUARANTEE OF CITIGROUP ASSETS$230$0
11/23/08FDICFDIC GUARANTEE OF CITIGROUP ASSETS$10$0$0
11/23/08TreasuryTARP: TREASURY GUARANTEE OF CITIGROUP ASSETS$5$0$0
11/23/08TreasuryTARP: PURCHASE OF CITIGROUP PREFERRED STOCK$20$20$5
11/21/08CongressEXTENDED UNEMPLOYMENT INSURANCE$9$9$9
11/21/08FDICTAKEOVER OF DOWNEY SAVINGS & LOANS$10$1$1
11/11/08FHFASTREAMLINED MODIFICATION PROGRAM***
11/11/08FedAMEX BECOMES BANK HOLDING COMPANY
11/10/08FedFED PURCHASE OF AIG COLLATERALIZED DEBT OBLIGATIONS$30$28
11/10/08FedFED PURCHASE OF AIG MORTGAGE-BACKED SECURITIES$23$19
11/10/08TreasuryTARP: PURCHASE OF AIG PREFERRED STOCK$40$40$21
11/07/08FDICTAKEOVER OF FRANKLIN BANK$4~$2~$2
10/29/08FedEXPANSION OF CURRENCY SWAP LINES: BRAZIL, MEXICO, KOREA, SINGAPORE$120$120
10/29/08FedINTEREST RATE CUTE: 1.5% TO 1%
10/28/08FedEXPANSION OF CURRENCY SWAP LINES: NEW ZEALAND$15$15
10/21/08FedMONEY MARKET INVESTOR FUNDING FACILITY$540$0
10/16/08NCUACREDIT UNION GUARANTEE PROGRAM***
10/14/08FDICFDIC LIQUIDITY GUARANTEE PROGRAM$1,450$221*
10/14/08TreasuryTARP: PURCHASE OF BANK EQUITY SHARES$250$197$35
10/10/08FDICRAISE LIMIT ON INSURED DEPOSITS: $100K TO $250K$700
10/08/08FedFED LOAN TO AIG$38$0
10/08/08FedINTEREST RATE CUT: 2.0% TO 1.5%
10/07/08FedCOMMERCIAL PAPER FUNDING FACILITY$1,800$246
10/06/08FedFED PAYMENT OF INTEREST ON BANK RESERVES**
09/30/08TreasuryRELAXATION OF TAX RULES FOR CORPORATE MERGERS~$140>$25>$25
09/29/08FedFORWARD TERM AUCTION FACILITY LOANS$44$0
09/25/08Dept. of EnergyAUTO MAKER LOANS FOR ENERGY EFFICIENCY$25$0$8
09/25/08FDICTAKEOVER OF WASHINGTON MUTUAL$0$0$0
09/24/08FedEXPANSION OF CURRENCY SWAP LINES: AUSTRALIA, SWEDEN, NORWAY, DENMARK$30$30
09/21/08FedGOLMAN SACHS & MORGAN STANLEY CREDIT EXTENSION TO BECOME BANK HOLDING COMPANIES
09/19/08TreasuryMONEY MARKET GUARANTEES$50$0
09/19/08FedMONEY MARKET MUTUAL FUND LIQUIDITY FACILITY*$11
09/19/08FedPURCHASE OF FANNIE/FREDDIE DISCOUNT NOTES*$4
09/18/08FedEXPANSION OF CURRENCY SWAP LINES: CANADA, ENGLAND, ECB, JAPAN, SWITZERLAND$180$180
09/17/08Treasury | FedSUPPLEMENTAL FINANCING PROGRAM*$259*
09/16/08FedFED LINE OF CREDIT TO AIG ~$60$38
09/15/08FedLEHMAN BROTHERS BANKRUPTCY LOANS$138$0
09/07/08FHFAFANNIE/FREDDIE RESCUE: CONSERVATORSHIP$400$14$238
09/07/08TreasuryFANNIE/FREDDIE RESCUE: PURCHASE OF MORTGAGE-BACKED SECURITIES*$71
07/30/08FedOPTIONS ON TERM SECURITY AUCTIONS$50$50
07/13/08FedFANNIE/FREDDIE RECEIVE FED LOANS AT PRIMARY CREDIT RATE**
07/11/08FDICTAKEOVER OF INDYMAC BANK$19$9$9
07/01/08CongressCOMMUNITY HOUSING GRANTS$4$1$1
07/01/08CongressHOUSING TAX CREDITS$16$16$16
07/01/08FHAFHA LOAN GUARANTEES$1<$1<$1
06/01/08CongressEXTENDED UNEMPLOYMENT INSURANCE$6$6$6
05/07/08Dept. of Educ.STUDENT LOAN GUARANTEES>$130$9$0
04/30/08FedINTEREST RATE CUT: 2.25% TO 2%
03/18/08FedINTEREST RATE CUT: 3% TO 2.25%
03/16/08FedPRIMARY DEALER CREDIT FACILITY*$26
03/14/08FedBEAR STEARNS FUNDING$29$26
03/11/08FedTERM SECURITIES LENDING FACILITY$200$111
03/07/08FedTERM REPURCHASE TRANSACTIONS$100$0
02/13/08CongressINDIVIDUAL TAX REBATES$106$96$106
02/13/08CongressTEMPORARY CORPORATE TAX CUTS$51$51$8
02/13/08CongressMORTGAGE LOAN LIMIT INCREASE FOR FANNIE/FREDDIE/FHA*$10$0
01/30/08FedINTEREST RATE CUT: 3.5% TO 3%
01/22/08FedINTEREST RATE CUT: 4.25% TO 3.5%
12/12/07FedTERM AUCTION FACILITY$600$448