Fed ID's companies that used crisis aid programsBy JEANNINE AVERSA
Dec. 01, 2010
Female Volunteers At Calais Jungle 'Having Sex With Multiple Refugees A Day'
WATCH: Badass Asian Woman Comes Out Guns Blazing Against Home Invaders
Feminists Say It's 'Racist And Sexist' for Italians to Have Italian Babies
Sweden: Migrant 'Dr Mohamed' Fondles, Licks Patient's Breasts During 'Medical Exam'
VIDEO: Keith Lamont Scott Warned to 'Drop the Gun' at Least 10 Times Before Being Shot
WASHINGTON – The Federal Reserve revealed details Wednesday of trillions of dollars in emergency aid it provided to U.S. and foreign banks during the financial crisis.
New documents show that the most loan and other aid for U.S. institutions over time went to Citigroup ($2.2 trillion), followed by Merrill Lynch ($2.1 trillion), Morgan Stanley ($2 trillion), Bear Stearns ($960 billion), Bank of America ($887 billion), Goldman Sachs ($615 billion), JPMorgan Chase ($178 billion) and Wells Fargo ($154 billion).
Merrill Lynch was later acquired by Bank of America, while Bear Stearns collapsed and was sold to JPMorgan.
Foreign banks also benefited from the Fed's aid. They included Swiss bank UBS, which borrowed more than $165 billion, Deutsche Bank ($97 billion) and the Royal Bank of Scotland ($92 billion).