The Term Auction Facility (TAF) was designed by the Federal Reserve to inject emergency short-term funds into all depository institutions, both large and small, as a supplement to the lender of last resort discount window offerings. We examine the evolution of the Federal Reserve's design of the...

A seldom discussed part of the 2010 Dodd-Frank Act (DFA) is how the deposit insurance assessment alteration impacted different types of banks. We provide details of the reform and investigate the effects on the banking industry. The DFA called for an expansion of the assessment base used to...

The Term Auction Facility (TAF) was designed by the Federal Reserve during the financial crisis to inject emergency short-term funds into banks as a supplement to the lender of last resort discount window offerings. We describe how the Federal Reserve altered the design of the Term Auction...