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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As reported earlier this week, the Federal Reserve is creating a lending facility for banks providing loans under the Paycheck Protection Program.
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
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 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.
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.
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.
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 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.
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.