The US Federal Reserve extends its liquidity facility to small businesses for a period of three months, until June 30
The US Federal Reserve announced Monday that it is extending, for a period of three months, until June 30, an emergency liquidity facility designed to help lenders extend relief to small businesses under the Paycheck Protection Program.
The bank said in a statement that three other contingency facilities - the Commercial Paper Funding Facility, the Common Market Fund Liquidity Facility, and the Primary Merchant Credit Facility - will expire as scheduled on March 31, saying they did not see a "significant". Usage in months.
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