This guarantee was made by the Gold Reserve Act of 1934, and reaffirmed under the 1944 Bretton Woods agreement for the post World War II international monetary system.

FORBES: Angry Over Oil Price? Demand A Change In Fed Policy

When the U.S. Treasury and Federal Reserve Board decided to guarantee bank debt and inject capital into our major banks, it started a chain reaction in several sectors of the bond market.

FORBES: Magazine Article

His plan includes a reserve fund providing a partial guarantee to absorb losses if housing prices continue to decline.

FORBES: Magazine Article