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TwitterIn response to the COVID-19 crisis, the Board's emergency lending facilities have provided a critical backstop. The Board launched a centralized 13(3) Lending Facilities Data Repository on November 6, 2020 to bring together the emergency lending facilities data from different systems and databases. Data from the Paycheck Protection Program Lending Facility (PPPLF) is now available in the repository. The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. The Small Business Administration (SBA) will forgive loans if all employee retention criteria are met, and the funds are used for eligible expenses. To bolster the effectiveness of the Small Business Administration's Paycheck Protection Program (PPP), the Federal Reserve is supplying liquidity to participating financial institutions through term financing backed by PPP loans to small businesses. The Paycheck Protection Program Liquidity Facility (PPPLF) will extend credit to eligible financial institutions that originate PPP loans, taking the loans as collateral at face value. The Federal Reserve Board ceased extending loans on July 30, 2021.
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License information was derived automatically
Federal Reserve data on emergency lending to banks covering the period August 2007 to April 2010 released in batches in Dec 2010, March 2011 and July 2011 as a result of the Dodd-Frank Act and FOIA requests by Bloomberg news and others.
From the Bloomberg page about the data (Aug 2011):
The data were extracted from 29,000 pages of documents and 18 Fed-prepared Microsoft Excel spreadsheets listing more than 21,000 transactions. The records were made public in batches on Dec. 1, 2010, and March 31 and July 6 of this year. The Fed released some of them under the 2010 Dodd-Frank Act and the rest in responses to Freedom of Information Act requests by media outlets including Bloomberg News and related federal court orders. The data covered money borrowed from the central bank from August 2007 through April 2010.
From Bloomberg Story:
The Federal Reserve released thousands of pages of secret loan documents under court order, almost three years after Bloomberg LP first requested details of the central bank’s unprecedented support to banks during the financial crisis.
The records reveal for the first time the names of financial institutions that borrowed directly from the central bank through the so-called discount window. The Fed provided the documents after the U.S. Supreme Court this month rejected a banking industry group’s attempt to shield them from public view.
...
The central bank has never revealed identities of borrowers since the discount window began lending in 1914. The Dodd-Frank law exempted the facility last year when it required the Fed to release details of emergency programs that extended $3.3 trillion to financial institutions to stem the credit crisis. While Congress mandated disclosure of discount-window loans made after July 21, 2010 with a two-year delay, the records released today represent the only public source of details on discount- window lending during the crisis.
License: presuming public domain as data released from a federal agency.
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TwitterThis information collection comprises the following four parts: • Regulation A Certifications (FR A-1) pertains to reporting requirements resulting from Regulation A - Extensions of Credit by Federal Reserve Banks (12 CFR Part 201), which sets out the Board’s policies and procedures with respect to emergency lending under section 13(3) of the Federal Reserve Act (section 13(3)), • CARES Act Certifications (FR A-2) pertains to reporting requirements associated with implementation of requirements under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), • Main Street Lending Program Certifications (FR A-3) pertains to reporting requirements specific to the Main Street Expanded Loan Facility (MSELF), Main Street New Loan Facility (MSNLF), Main Street Priority Loan Facility (MSPLF), Nonprofit Organization Expanded Loan Facility (NOELF), and Nonprofit Organization New Loan Facility (NONLF) (collectively, the Main Street Lending Program), and • Main Street Lending Program Disclosure (FR A-4) pertains to disclosure requirements associated with Main Street borrowers who participate in the Paycheck Protection Program (PPP).
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TwitterIn response to the COVID-19 crisis, the Board's emergency lending facilities have provided a critical backstop. The Board launched a centralized 13(3) Lending Facilities Data Repository on November 6, 2020 to bring together the emergency lending facilities data from different systems and databases. Data from the Paycheck Protection Program Lending Facility (PPPLF) is now available in the repository. The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. The Small Business Administration (SBA) will forgive loans if all employee retention criteria are met, and the funds are used for eligible expenses. To bolster the effectiveness of the Small Business Administration's Paycheck Protection Program (PPP), the Federal Reserve is supplying liquidity to participating financial institutions through term financing backed by PPP loans to small businesses. The Paycheck Protection Program Liquidity Facility (PPPLF) will extend credit to eligible financial institutions that originate PPP loans, taking the loans as collateral at face value. The Federal Reserve Board ceased extending loans on July 30, 2021.