Browsing: Federal reserve


In order to facilitate loans being made through the Small Business Administration’s Paycheck Protection Program, the Federal Reserve today said that it will soon create a facility to provide term financing backed by PPP loans.


The Federal Reserve on Friday released 2019 financial statements—independently audited by KPMG—for the combined system, including the 12 Federal Reserve Banks and the Board of Governors. The Fed banks held a combined $4.2 trillion in assets at year-end, up $116 billion from 2018.


To help ensure the continued flow of credit to households and businesses and support smooth market functioning, the Federal Reserve yesterday announced that it will establish new facilities for commercial paper funding and primary dealer credit using its authority under Section 13(3) of the Dodd-Frank Act.

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