CUSIP Global Services Launches New Identification Service to Track U.S. Government Economic Stimulus Programs

NEW YORK, May 10 /PRNewswire/ -- CUSIP Global Services (CGS) today announced the launch of its Government Stimulus ID Service, covering economic stimulus programs sponsored by the U.S. Government since 2008.  

CGS Government Stimulus ID Service enables investors, researchers and others to track U.S. Government stimulus programs and further represents the built-in flexibility of the CUSIP database to segment specific asset classes for custom solutions.

"The Government Stimulus ID Service will help clients who need to track these special relief programs," says Maria Latorraca, Product Director for CUSIP Global Services. "The U.S. Government has sponsored 8 new programs under the Emergency Economic Stabilization Act of 2008 and American Recovery and Reinvestment Act of 2009.  CGS has worked with industry groups and regulators to tag these new programs as they are introduced to ensure the needs of the marketplace are met.  Underwriters have requested over 16,000 CUSIP numbers for these programs since September 2008."  

The government stimulus programs currently covered in the service are:

New Municipal programs under the American Recovery and Reinvestment Act will be added later this year, including:  

The Government Stimulus ID service is offered in a pipe-delimited format with daily updates and contains all available CUSIP data elements to guarantee uniqueness

About CUSIP Global Services

For 40 years CUSIP Global Services has provided a unique common language for identifying financial instruments across institutions, exchanges and nations, enabling financial services firms to benefit from improved operating efficiencies and substantially reduced administrative costs. CUSIP Global Services is operated by the CUSIP Service Bureau (CSB). CSB is managed on behalf of the American Bankers Association by Standard & Poor's. For more information, visit www.cusip.com.

About The American Bankers Association

The American Bankers Association represents banks of all sizes and charters and is the voice for the nation's $13 trillion banking industry and its 2 million employees.  

SOURCE CUSIP Global Services