Financial Institutions

2010

Report on the Troubled Asset Relief Program -- November 2010
November 29, 2010 pdfblog post

The Budgetary Impact of Fannie Mae and Freddie Mac
September 16, 2010pdfblog post
Letter to the Honorable Barney Frank

Federal Debt and the Risk of a Fiscal Crisis
July 27, 2010pdfblog post
Economic and Budget Issue Brief

Related:

The Budgetary Impact and Subsidy Costs of the Federal Reserve's Actions During the Financial Crisis
May 2010summarypdfblog post

Report on the Troubled Asset Relief Program--March 2010
March 2010pdfblog post

Information on the President's Proposal for a Financial Crisis Responsibility Fee
March 4, 2010pdfblog post
Letter to the Honorable Charles E. Grassley

 

2009

Analysis of the Subsidy Costs of Direct and Guaranteed Student Loans
July 27, 2009pdfblog post
Letter to the Honorable Judd Gregg

Related:

The Troubled Asset Relief Program: Report on Transactions Through June 17, 2009
June 2009htmlpdfblog post

Addressing the Ongoing Crisis in the Housing and Financial Markets
January 28, 2009pdfwebcastblog post
Testimony before the Committee on the Budget, United States Senate

The Budget and Economic Outlook: Fiscal Years 2009 to 2019
January 8, 2009pdfwebcast
Testimony before the Committee on the Budget, United States Senate

The Troubled Asset Relief Program: Report on Transactions Through December 31, 2008
January 2009pdfblog post

 

2008

The Effects of Recent Turmoil in Financial Markets on Retirement Security
October 7, 2008htmlpdfwebcastblog post
Testimony before the Committee on Education and Labor, U.S. House of Representatives

CNBC Closing Bell
September 24, 2008webcast
CBO Director Peter Orszag's discussion of the budgetary and economic implications of the recent turmoil in financial markets with CNBC's Maria Bartiromo

Federal Responses to Market Turmoil
September 24, 2008htmlpdfchartswebcastblog post
Testimony before the Committee on the Budget, U.S. House of Representatives

CBO's Estimate of Cost of the Administration's Proposal to Authorize Federal Financial Assistance for the Government-Sponsored Enterprises for Housing
July 22, 2008htmlpdfblog post
Letter to the Honorable John M. Spratt Jr.

Investing in Infrastructure
July 10, 2008htmlpdfwebcastblog post
Testimony before the Committee on Finance, United States Senate

Issues and Options in Infrastructure Investment
May 2008htmlpdfadditional info

Related:

Testimony on Current and Future Investment in Infrastructure
May 8, 2008htmlpdfchartswebcastblog post
Testimony before the Committee on the Budget and the Committee on Transportation and Infrastructure, U.S. House of Representatives

A Review of the Pension Benefit Guaranty Corporation's New Investment Strategy
April 24, 2008pdfblog post
Letter to the Honorable George Miller

Policy Options for the Housing and Financial Markets
April 2008htmlpdfblog post

Mortgage and Housing Markets
April 2008webcastblog post
CBO Director Peter Orszag's presentation at the Princeton Club of New York

Testimony on Options for Responding to Short-Term Economic Weakness
January 22, 2008htmlpdfwebcastblog post
Testimony before the Committee on Finance, United States Senate

Options for Responding to Short-Term Economic Weakness
January 2008htmlpdfblog post

 

2007

Federal Financial Guarantees Under the Small Business Administration's 7(a) Program
October 2007pdf

Testimony on Turbulence in Mortgage Markets: Implications for the Economy and Policy Options
September 19, 2007htmlpdfwebcast
Testimony before the Joint Economic Committee, U.S. Congress

Testimony on the Taxation of Carried Interest
September 6, 2007htmlpdf
Testimony before the Committee on Ways and Means, U.S. House of Representatives

Federal Reinsurance for Terrorism Risks: Issues in Reauthorization
August 2007pdf

Testimony on the Taxation of Carried Interest
July 11, 2007htmlpdfwebcast
Testimony before the Committee on Finance, United States Senate

Value of Properties in the National Flood Insurance Program
June 2007htmlpdf

 

2006

Background Paper: Valuing the Student Loan Consolidation Option
October 2006pdf

Assessing the Government's Costs for Mortgage Insurance Provided by the Federal Housing Administration
July 19, 2006htmlpdf
Letter to the Honorable Jeb Hensarling

Measuring the Capital Positions of Fannie Mae and Freddie Mac
June 2006pdf

The Cost of the Consolidation Option for Student Loans
May 2006pdf

 

2005

Draft legislation for the SBIC Program Restructuring Act of 2005
October 17, 2005pdf
Letter to the Honorable Judd Gregg

The Risk Exposure of the Pension Benefit Guaranty Corporation
September 2005pdf

A Guide to Understanding the Pension Benefit Guaranty Corporation
September 2005pdf

Testimony on the Pension Benefit Guaranty Corporation: Financial Condition, Potential Risks, and Policy Options
June 15, 2005htmlpdf
Testimony before the Committee on the Budget, United States Senate

Testimony on Estimating the Costs of the Pension Benefit Guaranty Corporation
June 9, 2005htmlpdf
Testimony before the Committee on the Budget, U.S. House of Representatives

Testimony on Defined-Benefit Pension Plans: Current Problems and Future Challenges
June 7, 2005pdf
Testimony before the Committee on Finance, United States Senate

Modifying Federal Deposit Insurance
May 9, 2005htmlpdf
Letter to Honorable Richard C. Shelby

Remittances: International Payments by Migrants
May 2005pdf

Testimony on Aligning the Costs and Benefits of the Housing Government-Sponsored Enterprises
April 21, 2005htmlpdf
Testimony before the Committee on Banking, Housing, and Urban Affairs, United States Senate

Testimony on Federal Terrorism Reinsurance
April 14, 2005htmlpdf
Testimony before the Committee on Banking, Housing, and Urban Affairs, United States Senate

Federal Terrorism Reinsurance: An Update
January 2005htmlpdf

 

2004

Estimating the Value of Subsidies for Federal Loans and Loan Guarantees
August 2004htmlpdf

The Effects of Tort Reform: Evidence from the States
June 2004htmlpdf

Testimony on the Costs and Budgetary Treatment of Multilateral Financial Institutions' Activities
May 19, 2004htmlpdf
Testimony before the Committee on Banking, Housing, and Urban Affairs, United States Senate

Testimony on Accounting for Employee Stock Options
April 28, 2004htmlpdf
Testimony before the Committee on Small Business and Entrepreneurship, United States Senate

Accounting for Employee Stock Options
April 2004htmlpdf

 

2003

Testimony on Regulation of the Housing Government-Sponsored Enterprises
October 23, 2003htmlpdf
Testimony before the Committee on Banking, Housing, and Urban Affairs, United States Senate

The Economics of U.S. Tort Liability: A Primer
October 2003htmlpdf

Effects of Repealing Fannie Mae's and Freddie Mac's SEC Exemptions
May 2003htmlpdf

Letter to the Honorable Paul S. Sarbanes regarding the new-business assumption in the risk-based capital rule for Fannie Mae and Freddie Mac
January 3, 2003htmlpdf

 

2002

Federal Reinsurance for Disasters
September 2002htmlpdf

Raising Federal Deposit Insurance Coverage
May 2002htmlpdf

U.S. Banks' Exposure to Foreign Financial Losses
May 2002htmlpdf

 

2001

Federal Reinsurance for Terrorism Risks
October 2001htmlpdf

Letter to Franklin D. Raines, Chairman and CEO of Fannie Mae, regarding CBO's draft study on the housing GSEs
June 21, 2001htmlpdf

Federal Subsidies and the Housing GSEs
May 2001htmlpdf

Interest Rate Differentials Between Jumbo and Conforming Mortgages, 1995-2000
May 2001htmlpdf

 

2000

Letter to the Honorable Wayne Allard regarding the 1999 actuarial review of the Federal Housing Administration's Mutual Mortgage Insurance Fund
October 23, 2000htmlpdf

Personal Bankruptcy: A Literature Review
September 2000htmlpdf

The New Economy: A Congressional Budget Office Briefing
June 2000htmlpdf

 

1998

Testimony on Automated Teller Machine (ATM) Fees and the State of Competition in Markets Related to ATMs
July 15, 1998htmlpdf

Competition in ATM Markets: Are ATMs Money Machines?
July 1998htmlpdf

 

1997

Eliminating the Federal Thrift Charter
June 1997pdf

Testimony on Consumer Debt and Bankruptcy
April 11, 1997htmlpdf
Testimony before the Subcommittee on Administrative Oversight and the Courts, Committee on the Judiciary, United States Senate

 

1996

Testimony on Assessing the Public Costs and Benefits of Fannie Mae and Freddie Mac
June 12, 1996htmlpdf
Testimony before the Subcommittee on Capital Markets, Securities and Government Sponsored Enterprises, Committee on Banking and Financial Services, U.S. House of Representatives

Emerging Electronic Methods for Making Retail Payments
June 1996htmlpdf

Assessing the Public Costs and Benefits of Fannie Mae and Freddie Mac
May 1996htmlpdf

 

1995

Testimony on Creating a New One-Dollar Coin
July 13, 1995htmlpdf
Testimony before the Committee on Banking, Housing, and Urban Affairs, United States Senate

Testimony on Creating a New One-Dollar Coin
May 3, 1995htmlpdf
Testimony before the Subcommittee on Domestic and International Monetary Policy, Committee on Banking and Financial Services, U.S. House of Representatives

 

1994

Developing a Secondary Market for Small Business Loans
August 1994htmlpdf

The Changing Business of Banking: A Study of Failed Banks from 1987 to 1992
June 1994htmlpdf

 

1993

Options for Reorganizing Federal Banking Agencies
September 1993pdf

Resolving the Thrift Crisis
April 1993pdf

CBO's Assessment of the Financial Condition of the Resolution Trust Corporation
March 17, 1993pdf
Testimony before the Subcommittee on Financial Institutions, Supervision, Regulation and Deposit Insurance, Committee on Banking, Finanance and Urban Affairs, U.S. House of Representatives

Regional Analysis of Bank Lending
February 1993pdf

Financing for the BIF, the RTC, and the SAIF
January 27, 1993pdf
Testimony before the Committee on Banking, Housing, and Urban Affairs, United States Senate

Controlling Losses of the Pension Benefit Guaranty Corporation
January 1993pdf

 

1992

Testimony on the Federal Deposit Insurance Funds and the Banks and Thrifts that Hold the Deposits Safeguarded by Those Funds
August 5, 1992htmlpdf
Testimony before the Committee on Banking, Finance and Urban Affairs, U.S. House of Representatives

The RTC's Loan Securitization Process
July 1992pdf

Testimony on the Current and Future Condition of the Thrift Industry
June 17, 1992htmlpdf
Testimony before the Committee on Banking, Housing, and Urban Affairs, United States Senate

Testimony on the Bank Insurance Fund
April 1, 1992htmlpdf
Testimony before the Committee on Banking, Housing, and Urban Affairs, United States Senate

The Economic Effects of the Savings and Loan Crisis
January 1992pdf

 

1991

Testimony on the Sale of Federal Loans
October 24, 1991pdf
Testimony before the Task Force on Urgent Fiscal Issues, Committee on the Budget, U.S. House of Representatives

Testimony on Hidden Federal Liabilities Arising from the Government's Credit and Insurance Commitments
October 24, 1991pdf
Testimony before the Task Force on Urgent Fiscal Issues, Committee on the Budget, U.S. House of Representatives

Testimony on the Financial Condition of the Resolution Trust Corporation
September 17, 1991pdf
Testimony before the Subcommittee on Financial Institutions Supervision, Regulation and Insurance, Committee on Banking, Finance and Urban Affairs, U.S. House of Representatives

Testimony on the Projected Costs of Resolving the Savings and Loan Crises
July 15, 1991pdf
Testimony before the Resolution Trust Corporation Task Force, Committee on Banking, Finance, and Urban Affairs, U.S. House of Representatives

The Cost of Forbearance During the Thrift Crisis
June 1991pdf
CBO Staff Memorandum

Projected Impact of Increased Insurance Premiums on the Banking Industry and the Bank Insurance Fund
May 1991htmlpdf

Controlling the Risks of Government-Sponsored Enterprises
April 1991pdf

Testimony on the Federal Deposit Insurance System
March 5, 1991pdf
Testimony before the Committee on Banking, Housing, and Urban Affairs, United States Senate

Testimony on the Condition of the Bank Insurance Fund
January 29, 1991pdf
Testimony before the Committee on Banking, Housing, and Urban Affairs, United States Senate

 

1990

Testimony on Reforming Federal Deposit Insurance
September 26, 1990pdf
Testimony before the Committee on Banking, Finance and Urban Affairs, U.S. House of Representatives

Testimony on the Resolution Trust Corporation
September 19, 1990pdf
Testimony before the Committee on Ways and Means, U.S. House of Representatives

Testimony on the Federal Deposit Insurance Corporation's Bank Insurance Fund
September 12, 1990pdf
Testimony before the Committee on Banking, Housing, and Urban Affairs, United States Senate

Reforming Federal Deposit Insurance
September 1990pdf

Testimony on Federal Credit Assistance
April 11, 1990pdf
Testimony before the Task Force on Urgent Fiscal Issues, Committee on the Budget, U.S. House of Representatives

Testimony on the Strategic Plan of the Resolution Trust Corporation
January 25, 1990pdf
Testimony before the Committee on Banking, Finance, and Urban Affairs, U.S. House of Representatives

 

1989

Testimony on the Role of Federal Borrowing and Loan Guarantees in Resolving Insolvent Federally Insured Savings and Loan Institutions
October 1989pdf
Testimony before the Subcommittee on Oversight, Committee on Ways and Means, U.S. House of Representatives

Testimony on Borrowing by Government-Sponsored Enterprises and Off-Budget Agences, and the Resolution Funding Corporation
April 18, 1989pdf
Testimony before the Committee on Ways and Means, U.S. House of Representatives

Testimony on the Savings and Loan Industry
March 3, 1989pdf
Testimony before the Committee on Banking, Housing, and Urban Affairs, United States Senate

Testimony on the Financial Difficulties of the Savings and Loan Industry
February 22, 1989pdf
Testimony before the Committee on Ways and Means, U.S. House of Representatives

The Savings and Loan Problem: A Discussion of the Issues
February 1989pdf

 

1988

Testimony on the General Accounting Office's Proposal to Improve the Quality of Federal Financial Information
September 22, 1988pdf
Testimony before the Legislation and National Security Subcommittee, Committee on Government Operations, U.S. House of Representatives

 

1987

Testimony on the Administration's Proposed Sale of Federal Loan Assets
May 4, 1987pdf
Testimony before the Legislation and National Security Subcommittee, Committee on Government Operations, U.S. House of Representatives

 

1986

Testimony on the Budgetary Treatment of Loan Asset Sales
September 26, 1986pdf
Testimony before the Subcommittee on Legislation and National Security, Committee on Government Operations, U.S. House of Representatives

Testimony on the Budgetary Treatment of Federal Credit Programs
May 13, 1986pdf
Testimony before the Committee on Governmental Affairs, United States Senate

 

1985

The Budgetary Status of the Federal Reserve System
February 1985pdf

 

1984

Federal Credit Activities
May 24, 1984pdf
Testimony before the Committee on Banking, Housing, and Urban Affairs, Subcommittee on Economic Stabilization, U.S. House of Representatives