Latest COVID-19 Efforts

The Coronavirus Aid, Relief, and Economic Security Act allocated $454 billion of a $500 billion Exchange Stabilization Fund to the Federal Reserve with a broad mandate to provide liquidity to eligible businesses, states or municipalities in light of COVID-19. This article details the April 9, 2020, announcement of four new programs and expansion or resurrection of three facilities to provide up to $2.3 trillion in loans to support the economy.  

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