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Financial Services Law Insights and Observations

Fed's PPP Liquidity Facility is fully operational

Federal Issues Covid-19 Federal Reserve SBA

Federal Issues

On April 16, the Federal Reserve announced that its Paycheck Protection Program Liquidity Facility is fully operational and available to provide liquidity to eligible financial institutions as they help support small businesses. In particular, the facility will extend credit to financial institutions that make PPP loans, with such loans acting as the collateral.

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