Fed Unveils $2.3 Trillion More in Lending Capacity, Details ‘Main Street’ Program
The Federal Reserve is deploying its emergency lending powers to “an unprecedented extent,” Federal Reserve Chairman Jerome Powell said in a speech this morning.
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Fed to Create Lending Facility for PPP; Agencies Provide Regulatory Capital Relief
As reported earlier this week, the Federal Reserve is creating a lending facility for banks providing loans under the Paycheck Protection Program.
Registration for Participation in Fed’s Commercial Paper Funding Facility Now Open
The Federal Reserve Bank of New York today opened the registration process for the new commercial paper funding facility that was established by the Federal Reserve last month
Fed to Establish Facility for Financing SBA PPP Loans
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.
Fed to Delay Implementation of Revised Bank Control Framework
The Federal Reserve announced a six-month delay for the implementation of its revised framework for determining control of a company by another company under the Bank Holding Company Act and the Home Owners’ Loan Act.
Fed Announces New Facility to Ease Strain in U.S. Dollar Markets
To help ease strains in the global U.S. dollar funding market, the Federal Reserve today established a temporary repurchase agreement facility for foreign and international monetary authorities.
Fed to Adjust Exam Activities As It Focuses on Coronavirus Response
The Federal Reserve will “temporarily reduce” its bank examination activities as it pivots to focus on responding to the immediate challenges posed by the coronavirus, the agency said in a statement tonight.
Fed Releases Audited 2019 Financial Statements
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.
Fed Establishes Temporary U.S. Dollar Liquidity Arrangements with Nine Central Banks
To help ease the strain on U.S. dollar funding markets and facilitate the supply of credit to households and businesses, the Federal Reserve today established new temporary U.S. dollar swap lines with nine central banks around the globe.
Fed Unveils New Commercial Paper, Primary Dealer Credit Facilities
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.