(EMAILWIRE.COM, March 23, 2009 ) Washington, DC - Last month, the Administration unveiled a Financial Stability Plan to stabilize the financial system and ensure that it works with economic recovery, not against it, by providing the liquidity and credit consumers and businesses need to grow and thrive. Over the last month, Treasury has rolled out key components of the plan to increase the flow of credit and expand liquidity to help the system recover.

At 8:45 am, Secretary Geithner will offer an update on the Administration’s comprehensive efforts to increase lending and stabilize the financial system in a pen and pad press briefing at the Treasury Department. As part of the update, Secretary Geithner will discuss details of the next component: the Public Private Investment Program, which will invest alongside private investors in funds that will provide a market for the legacy loans and securities that currently burden the financial system. Press logistics information for the briefing is below.

Later in the morning, Secretary Geithner will join the President, the Vice President, FDIC Chairwoman Sheila Bair, and Federal Reserve Chairman Ben Bernanke for the President’s Economic Daily Briefing at the White House. There will be a pool spray at the bottom of the meeting. Please contact the White House Press Office for additional coverage information.

At 7:30 p.m., Secretary Geithner will participate in the Wall Street Journal Future of Finance Initiative at the Park Hyatt Hotel. Secretary Geithner’s session is open press. For registration and additional coverage information, please contact Emily.Edmonds@dowjones.com or visit https://futurefinance.wsj.com/.

PEN AND PAD BRIEFING



WHO: Treasury Secretary Tim Geithner

WHAT: Pen and Pad Press Briefing on the Administration’s Comprehensive Efforts to Increase Lending and Stabilize the Financial System

WHEN: Monday, March 23, 2009

8:45 AM

WHERE: U.S. Department of Treasury

1500 Pennsylvania Ave, NW

Media Room (4121)

Washington, DC 20220



Media without Treasury press credentials planning to attend must email Frances Anderson at Frances.Anderson@do.treas.gov in Treasury’s Office of Public Affairs with the following information: name, Social Security number and date of birth.


Please note that this is a pen and pad briefing only; no cameras or recording devices for broadcast purposes will be allowed.



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Contact Information:
U.S. Department of the Treasury
Frances Anderson
Tel: (202) 622-2960
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