Friday, August 5, 2011

Joint release: agencies issue guidance on federal debt

Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation, National Credit Union Administration and Office of the Comptroller of the Currency

Earlier today, Standard & Poor’s rating agency lowered the long-term rating of the U.S. government and federal agencies from AAA to AA+. With regard to this action,the federal banking agencies are providing the following guidance to banks, savings associations, credit unions, and bank and savings and loan holding companies (collectively, banking organizations).

For risk-based capital purposes, the risk weights for Treasury securities and other securities issued or guaranteed by the U.S. government, government agencies, and government-sponsored entities will not change. The treatment of Treasury securities and other securities issued or guaranteed by the U.S. government, government agencies, and government-sponsored entities under other federal banking agency regulations, including, for example, the Federal Reserve Board’s Regulation W, will also be unaffected.

Posted By Valerie Garner

Categories: Finance

Tags: , ,

Comments (1)

Jack Mcguire

August 6th, 2011 at 9:47 AM    


Well. here again the Tea Party was right. We needed to double the cuts that were voted in. We were warned in May that we needed at least 4 trillion in cuts.Interests rates will go up. For every 1% interest rate increase it will cost the US 150 Billion dollars. Obama and company need to go. We need real change a la Ron Paul to save this country from financial ruin.

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