Press Release

August 05, 2011 Agencies issue guidance on federal debt Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation National Credit Union Administration Office of the Comptroller of the Currency For immediate release Share 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.

Federal Reserve (2011, August 4). Press Release. Press Releases, Federal Reserve. https://whenthefedspeaks.com/doc/press_release_20110805_agencies_issue_guidance_on_federal_debt

@misc{wtfs_press_release_20110805_agencies_issue_guidance_on_federal_debt,
  author = {Federal Reserve},
  title = {Press Release},
  year = {2011},
  month = {Aug},
  howpublished = {Press Releases, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/press_release_20110805_agencies_issue_guidance_on_federal_debt},
  note = {Retrieved via When the Fed Speaks corpus}
}