ARTICLE · 30 JULY 2020

FRB Extends Expiration Date For COVID-19 Related Lending Facilities

Hogan Lovells Cadwalader

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The Federal Reserve Board provided a three-month extension for its COVID-19 related lending facilities scheduled to "expire on or around" September 30, 2020.

United StatesCoronavirus (COVID-19)

Hogan Lovells Cadwalader

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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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FRB Extends Expiration Date For COVID-19 Related Lending Facilities

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