TIMELINE: Fed actions to boost liquidity

December 12: Fed establishes Term Auction Facility (TAF) to provide funds over longer period to a wider range of banks. It also sets up foreign exchange swap lines with the European Central Bank and Swiss National Bank for up to six months.

2008

January 3: Fed raises TAF auction amounts to $30 billion from $20 billion for each of the two auctions in January.

March 7: Fed increases size of TAF auctions to $50 billion and starts a series of 28-day repurchase transactions with primary dealers expected to total another $100 billion.

March 11: Fed says to accept broader range of collateral in new program for primary dealers, the Term Securities Lending Facility (TSLF), to lend up to $200 billion for 28 days.

March 14: Fed says authorized JPMorgan Chase to borrow at discount window for Bear Stearns.

March 16: Fed cuts discount rate and announces Primary Dealer Credit Facility (PDCF).

March 24: Fed takes over Bear Stearns assets valued at $30 billion. JPMorgan pays first $1 billion of loss.

July 13: Fed authorizes Fannie Mae and Freddie Mac to borrow from discount window.