ABSTRACT

Federal Reserve's Main Street Lending Program [August 27, 2020]   [open pdf - 698KB]

From the Document: "In response to Coronavirus Disease 2019 (COVID-19), the Federal Reserve (Fed) created a series of emergency lending programs, including the Main Street Lending Program (MSLP). The MSLP supports lending to eligible businesses and nonprofits and marks the first time the Fed has lent to nonfinancial businesses since the 1930s (though it purchased commercial paper [short-term debt securities] issued by nonfinancial businesses in 2008 and 2009)."

Report Number:
CRS In Focus, IF11632
Author:
Publisher:
Date:
2020-08-27
Series:
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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