The Federal Reserve announced Monday it was extending by three months to June 30 an emergency liquidity facility meant to help lenders extend relief to small businesses under the Paycheck Protection Program.
FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris WattieWASHINGTON: The Federal Reserve announced Monday it was extending by three months to June 30 an emergency liquidity facility meant to help lenders extend relief to small businesses under the Paycheck Protection Program.
In a statement, the Fed said three other emergency facilities - the Commercial Paper Funding Facility, the Money Market Mutual Fund Liquidity Facility, and the Primary Dealer Credit Facility - would expire as scheduled on March 31, saying they had not seen"significant usage" in months.