United States:
FRB Extends Expiration Date For COVID-19 Related Lending Facilities
30 July 2020
Cadwalader, Wickersham & Taft LLP
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The Federal Reserve Board ( the "FRB") extended the expiration date for its COVID-19
related lending facilities that were scheduled to "expire on
or around" September 30, 2020. The new expiration date is
December 31, 2020. Impacted facilities include the Primary Dealer
Credit Facility, the Money Market Mutual Fund Facility, the Primary
Market Corporate Credit Facility, the Secondary Market Corporate
Credit Facility, the Term Asset-Backed Securities Loan Facility,
the Paycheck Protection Program Liquidity Facility, and the Main
Street Lending Program facilities.
Primary Sources
- FRB Press Release: Federal Reserve Board announces
an extension through December 31 of its lending facilities that
were scheduled to expire on or around September 30
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