Soon, as part of the Small Business Jobs Act, the U.S. Treasury will provide up to $ billion annually in federal guarantees for the next three years for bonds issued by CDFIs for community development purposes. In addition, the act established a $ million Small Business Lending Facility for Community Development Loan Funds. The regulations for both of these programs are currently under development.
The Basel Committee's working group on liquidity began an exercise to review liquiditysupervision practices early last year and just last week issued a public report that builds on the Basel sound practices for managing liquidity risk issued in 2000.