On April 9, 2020, the Federal Reserve and Treasury Department announced plans to provide up to $2.3 trillion in loans to help support the economy. The plans include the following:
- $349 billion for the Paycheck Protection Program Liquidity Facility (PPPLF) to help provide financing to lenders participating in the Paycheck Protection Program (PPP)
- $600 billion through the Main Street Lending Program
- $850 billion to expand the size and scope of the Primary and Secondary Market Corporate Credit Facilities (PMCCF and SMCCF), as well as the Term Asset-Backed Securities Loan Facility (TALF)
- $500 billion to establish a Municipal Liquidity Facility (MLF) for states and municipalities
Full details and highlights of each of the programs can be found here.
For more information visit: federalreserve.govBoard of governors of the federal reserve system