Multi-State– Federal Reserve Announces $2.3 Trillion in Lending Programs

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:

Board of governors of the federal reserve system
april 2020