Reports to Congress Pursuant to Section 13(3) of the Federal Reserve Act in response to COVID-19
2021 Reports to Congress Pursuant to Section 13(3) of the Federal Reserve Act in response to COVID-19
The Federal Reserve filed these reports with Congress pursuant to section 13(3) of the Federal Reserve Act concerning the lending facilities established by the Board.
|June 29, 2021|
|Report on the Paycheck Protection Program Liquidity Facility (PDF)|
**Note: The Board is providing an update on the PMCCF, SMCCF, TALF, and MLF less than thirty days after the most recent update was provided in order to align future reporting for these facilities with month-end and with the timing of reports for the PDCF, CPFF, MMLF, and PPPLF.
******Note: Certain errors regarding borrower information in the Main Street transaction-level disclosures were corrected in the March 10, 2021, and April 9, 2021 reports. See the April 9, 2021, report for the most up-to-date information. The Main Street facilities ceased purchasing participations on January 8, 2021; therefore, after the April 9, 2021, report on the Main Street facilities, the Board will not provide additional transaction-specific disclosures about the Main Street facilities on a periodic basis going forward. The Board will continue to periodically provide aggregate information about the Main Street facilities so long as any Reserve Bank loans to the facilities remain outstanding.
***An error regarding the counterparty of a bond sale transaction in the SMCCF transaction-level disclosure dated August 10, 2021 was corrected on October 13, 2021. See the October 12, 2021, report for additional details.