It also decided to increase the maximum amount of its fund-provisioning to each financial institution from 150 billion yen to 1 trillion yen. Under these facilities, financial institutions will be able to borrow funds at a fixed rate of 0.1 percent per annum for four years.
Alan Greenspan: Government-sponsored enterprises Remarks by Mr Alan Greenspan, Chairman of the Board of Governors of the US Federal Reserve System, to the Conference on Housing, Mortgage Finance, and the Macroeconomy, Federal Reserve Bank of Atlanta, Atlanta, (via satellite), 19 May 2005.