This resource center contains links to government material on the CARES Act and numerous support programs announced in response to the COVID-19 pandemic.
The business and financial fallout of the coronavirus pandemic hit companies in all areas of the U.S. economy, weighing on those from industry giants to small local businesses. For many businesses, survival depended on accessing one or more of the numerous support programs announced by the Federal Reserve and others enacted as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The drawers below contain links to 2020 government materials, sorted by program.
Featured Insights
Resources by type
General materials related to CARES Act
Legislation
April 4, 2020 - Davis Polk Reformatted Version
H.R. 78, The Coronavirus Aid, Relief, and Economic Security Act (CARES Act)
March 30, 2020 - Davis Polk Reformatted Version
March 30, 2020 - Davis Polk Reformatted Version
Congressional Oversight Commission materials
May 18, 2020
First Report: Questions About the CARES Act’s $500 Billion Emergency Economic Stabilization Funds
June 18, 2020
Second Report of the Congressional Oversight Commission
July 20, 2020
Third Report of the Congressional Oversight Commission
House Financial Services Committee materials
April 1, 2020, Press Release
Committee Releases Answers to Frequently Asked Questions About the CARES Act
April 1, 2020, Press Release
Waters to Mnuchin: The Committee Will Closely Monitor Your Implementation of the CARES Act
April 1, 2020
Chairwoman Waters Letter to Treasury Secretary Steven Mnuchin
March 31, 2020, Press Release
Waters Condemns Trump Signing Statement on Bipartisan COVID-19 Stimulus Bill
March 31, 2020, Press Release
Legislative history
Bill Versions
March 27, 2020
March 25, 2020
March 19, 2020
S. 3548 – Introduced into the Senate
Presidential signing statement
March 27, 2020
Signing Statement by President Trump
Committee reports
March 25, 2020
Senate Appropriations Committee – Bill Summary
March 25, 2020
Senate Banking Committee – Title IV Summary
March 25, 2020
Senate HELP Committee – Bill Summary
Floor debate
March 25, 2020
Colloquy between Sens. McConnell and Schumer
March 25, 2020
March 25, 2020
Colloquy between Sens. McConnell, Cotton, Durbin, Cantwell, etc.
March 25, 2020
March 24, 2020
Colloquy between Sens. Graham, McConnell and Schumer
March 22, 2020
Colloquy between Sens. Collins, Loeffler, Rubio, McConnell, etc.
March 22, 2020
Federal Reserve general and background materials
Legislation
March 30, 2020 - Davis Polk Reformatted Version
Statutory materials
Section 13(3) of the Federal Reserve Act
Agency materials
Implementing Regulations under Section 13(3) of the Federal Reserve Act Reports to Congress Pursuant to Section 13(3) of the Federal Reserve Act in response to COVID-19
Small business relief
Legislation
Davis Polk Reformatted Version of December 29, 2020
Division N, Title III (“PPP 2.0”) of the Consolidated Appropriations Act, 2021
Davis Polk Reformatted Version of March 30, 2020
Title I of H.R. 78, The Coronavirus Aid, Relief, and Economic Security Act (CARES Act)
Davis Polk Reformatted Version of March 30, 2020
Blacklines
Davis Polk Version of December 23, 2020
Davis Polk Version of June 5, 2020
Davis Polk Version of March 30, 2020
Davis Polk Blackline of Changes Made by the CARES Act to 11 USC
Davis Polk Version of March 30, 2020
Paycheck Protection Program
Agency materials and tools
Program Overview, U.S. Treasury
December 9, 2020
Frequently Asked Questions for Lenders and Borrowers
October 13, 2020
Frequently Asked Questions on PPP Loan Forgiveness
April 2, 2020
Interim Final Rule, Key Provisions of SBA Implementation
April 3, 2020
Interim Final Rule, Affiliation Rules
April 3, 2020
Affiliation Rules Applicable to U.S. Small Business Administration Paycheck Protection Program
April 14, 2020
Interim Final Rule, Additional Eligibility Criteria and Requirements for Certain Pledges of Loans
April 17, 2020
April 17, 2020
April 24, 2020
Interim Final Rule, Requirements – Promissory Notes, Authorizations, Affiliation, and Eligibility
April 28, 2020
Interim Final Rule, Additional Criterion for Seasonal Employers
April 28, 2020
Interim Final Rule, Requirements – Disbursements
April 30, 2020
May 5, 2020
Interim Final Rule, Nondiscrimination and Additional Eligibility Criteria
May 8, 2020
May 13, 2020
Interim Final Rule, Loan Increases
May 14, 2020
Interim Final Rule, Eligibility of Certain Electric Cooperatives
May 18, 2020
Interim Final Rule, Treatment of Entities with Foreign Affiliates
May 20, 2020
May 22, 2020
Interim Final Rule, Loan Forgiveness
May 22, 2020
Interim Final Rule, SBA Loan Review Procedures and Related Borrower and Lender Responsibilities
June 5, 2020
Interim Final Rule, Eligibility of Certain Telephone Cooperatives
June 11, 2020
Interim Final Rule, Revisions to First Interim Final Rule
June 12, 2020
Interim Final Rule, Additional Revisions to First Interim Final Rule
June 17, 2020
Interim Final Rule, Revisions to the Third and Sixth Interim Final Rules
June 22, 2020
June 24, 2020
Interim Final Rule, Additional Eligibility Revisions to First Interim Final Rule
June 25, 2020
Interim Final Rule, Certain Eligible Payroll Costs
August 11, 2020
Interim Final Rule, Appeals of SBA Loan Review Decisions
August 24, 2020
Interim Final Rule, Treatment of Owners and Forgiveness of Certain Nonpayroll Costs
October 8, 2020
October 8, 2020
April 24, 2020
SBA Procedural Guidance on Participation Sales
May 1, 2020
SBA Procedural Notice on Whole Loan Sales
May 21, 2020 (updated July 13, 2020)
SBA Procedural Notice on PPP Lender Processing Fee Payment and 1502 Reporting Process
June 22, 2020
July 6, 2020
SBA Procedural Notice re: Extension of Authority to Guarantee Paycheck Protection Program Loans
July 23, 2020
October 2, 2020
April 3, 2020
FinCEN Guidance to Financial Institutions in Response to Coronavirus
April 25, 2020
OCC Bulletin: Credit Administration: Documentation of SBA PPP Loans
April 17, 2020
Statement from Secretary Mnuchin and Administrator Carranza
April 17, 2020
April 24, 2020
Statement from Secretary Mnuchin and Administrator Carranza
April 28, 2020
Statement from Secretary Mnuchin and Administrator Carranza
April 29, 2020
Statement from Secretary Mnuchin and Administrator Carranza
May 3, 2020
Statement from Secretary Mnuchin and Administrator Carranza
May 1, 2020
June 8, 2020
Statement from Secretary Mnuchin and Administrator Carranza
June 7, 2020
SBA Paycheck Protection Program Loan Report Round 2 (approvals through June 6, 2020)
July 6, 2020
SBA Paycheck Protection Program Loan Report (approvals through June 30, 2020)
Paycheck Protection Program Loan Data by State
Lenders
Paycheck Protection Program Information Sheet: Lenders, U.S. Treasury
Lender Guaranty Application Form, (Form 2484), U.S. Treasury
Borrowers
Paycheck Protection Program Information Sheet: Borrowers, U.S. Treasury
Borrower Application Form, U.S. Treasury
Tool for finding a nearby lender eligible to issue a loan under the Paycheck Protection Program
June 26, 2020
How to Calculate Maximum Loan Amount — by Business Type
June 17, 2020
Loan Forgiveness Application Form EZ Instructions
June 17, 2020
Loan Forgiveness Application Form EZ
June 16, 2020
Loan Forgiveness Application Instructions
June 16, 2020
October 8, 2020
Instructions for Use of Loan Forgiveness Application for PPP Loans of $50,000 or Less
October 8, 2020
Loan Forgiveness Application for PPP Loans of $50,000 or Less
December 9, 2020
SBA Form 3509—Loan Necessity Questionnaire (For-Profit Borrowers)
December 9, 2020
SBA Form 3510—Loan Necessity Questionnaire (Non-Profit Borrowers)
Related capital rules materials
April 7, 2020
April 9, 2020
Joint Press Release, Federal Reserve, FDIC, OCC
April 7, 2020
Senate materials
June 12, 2020
Senate Democrats Letter to Secretary Mnuchin and Administrator Carranza
Press Release, April 7, 2020
McConnell Statement on Additional Funding for Paycheck Protection Program
Press Release, April 6, 2020
Warren, Markey Seek Urgent Fix to New Coronavirus Small Business Relief Program
April 6, 2020
Senate Banking Committee materials
Press Release, April 8, 2020
Crapo Encourages Agencies, Regulators to Help Lenders and Borrowers
April 5, 2020
April 8, 2020
House Financial Services Committee materials
June 15, 2020
June 13, 2020
Press Release, May 1, 2020
Waters Calls for Administration to Put Small Business Owners Over Predatory Payday Lenders
May 1, 2020
Press Release, April 26, 2020
April 25, 2020
Press Release, April 23, 2020
Waters Statement on Passage of Interim COVID-19 Relief Package
April 23, 2020
Press Release, April 21, 2020
Press Release, April 16, 2020
April 16, 2020
Press Release, April 10, 2020
April 10, 2020
Press Release, April 7, 2020
McHenry Statement on Additional Paycheck Protection Program Funding
Press Release, April 2, 2020
April 1, 2020
Press Release, April 1, 2020
April 1, 2020
Paycheck Protection Program Liquidity Facility (PPPLF)
Initial announcement
April 6, 2020
Press Release, Federal Reserve Board
Terms and guidance
PPPLF Federal Reserve Overview Page
November 30, 2020
November 30, 2020
PPPLF Frequently Asked Questions
Reports to Congress
April 16, 2020
Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act: PPPLF, Federal Reserve
May 15, 2020
May 15, 2020
June 10, 2020
June 10, 2020
July 9, 2020
July 10, 2020
July 31, 2020
August 8, 2020
August 10, 2020
September 7, 2020
September 8, 2020
October 7, 2020
October 8, 2020
November 6, 2020
November 9, 2020
November 23, 2020
November 24, 2020
December 3, 2020
December 10, 2020
December 11, 2020
PPPLF borrowing documentation for depository institutions
PPPLF Borrowing Documentation Guide Sample – Letter of Agreement – PPPLF
Sample – Borrower Certification – PPPLF
Authorizing Resolution for Borrowers (except those charted in Wisconsin)
Authorizing Resolution for borrowers charted by the State of Wisconsin
PPPLF operational documentation for depository institutions
PPPLF Operational Document Guide
Reporting Requirements for Paydowns of PPP Loans Documentation Guide
Transmittal Form to Pledge Collateral and Request Advance
Sample – Transmittal Form to Pledge Collateral and Request Advance
Paycheck Protection Program Individual Loan Reporting Table
See notes here regarding use of this table after September 18, 2020
Transmittal Form to Report Reductions of Outstanding Principal Balance
See notes here regarding use of this form after September 18, 2020Sample — Transmittal Form to Report Reductions of Outstanding Principal Balance
Individual PPP Loan Reduction Report
Transmittal Form for Full Payoff
Borrowing documentation for non-depository institutions
Authorizing Resolution for Borrowers - PPPLF Non-DI
Letter of Agreement - PPPLF Non-DI
Borrower Certification - PPPLF Non-DI
PPPLF Non-DI Borrowing Documentation Guide
Appendix 5, OC-10 Correspondent Credit and Payment Agreement
Sample - Authorizing Resolution for Borrowers - PPPLF Non-DI
Sample - Letter of Agreement - PPPLF Non-DI
Sample - Borrower Certification - PPPLF Non-DI
PPPLF operational documentation for non-depository institutions
PPPLF Non-DI Operational Guide
Reporting Requirements for Paydowns of PPP Loans Document Guide
Transmittal Form to Pledge Collateral and Request Advance
Sample – Transmittal Form to Pledge Collateral and Request Advance
Paycheck Protection Program Individual Loan Reporting Table
See notes here regarding use of this table after September 18, 2020
Transmittal Form to Report Reductions of Outstanding Principal Balance
See notes here regarding use of this form after September 18, 2020Sample — Transmittal Form to Report Reductions of Outstanding Principal Balance
Individual PPP Loan Reduction Report
Transmittal Form for Full Payoff
Related capital rules materials
April 7, 2020
April 9, 2020
Joint Press Release, Federal Reserve, FDIC, OCC
April 7, 2020
Main street lending program for businesses
Agency materials
Announcements and other agency materials:
July 6, 2020
Press Release, Federal Reserve Bank of Boston
June 15, 2020
Statement from Secretary Mnuchin
June 8, 2020
Press Release, Federal Reserve Board
April 30, 2020
Press Release, Federal Reserve Board
April 9, 2020
Press Release, Federal Reserve Board
March 23, 2020
See also: Press Release, Federal Reserve Board
September 15, 2020
Main Street Lending Overview Page, Federal Reserve
Main Street Lending Overview Page, Federal Reserve Bank of Boston
Listing of Lenders Accepting New Business Customers
Main Street Lending Program Interactive Dashboard, Federal Reserve Bank of Boston
December 29, 2020
Main Street Lending Program Frequently Asked Questions
Main Street New Loan Facility
Terms and guidance:
December 29, 2020
July 28, 2020
Davis Polk Blackline of July 28, 2020 Term Sheet against June 8, 2020 Term Sheet
June 8, 2020
Davis Polk Blackline of June 8, 2020 Term Sheet against April 30, 2020 Term Sheet
May 3, 2020
Davis Polk Blackline of April 30, 2020 Term Sheet against April 9, 2020 Term Sheet
Reports to Congress:
April 16, 2020
May 15, 2020
Periodic Report to Congress, Federal Reserve
June 6, 2020
Periodic Report to Congress, Federal Reserve
July 6, 2020
Periodic Report to Congress, Federal Reserve
July 31, 2020
Report to Congress, Federal Reserve
August 5, 2020
August 6, 2020
Main Street New Loan Facility Transaction-Specific Disclosures
August 8, 2020
August 10, 2020
Main Street New Loan Facility Transaction-Specific Disclosures
September 7, 2020
September 8, 2020
Main Street New Loan Facility Transaction-Specific Disclosures
October 7, 2020
October 8, 2020
Main Street New Loan Facility Transaction-Specific Disclosures
November 6, 2020
November 9, 2020
Main Street New Loan Facility Transaction-Specific Disclosures
November 23, 2020
November 24, 2020
Main Street New Loan Facility Transaction-Specific Disclosures
December 10, 2020
December 11, 2020
Main Street New Loan Facility Transaction-Specific Disclosures
Main Street Priority Loan Facility
Terms and guidance:
December 29, 2020
July 28, 2020
Davis Polk Blackline of July 28, 2020 Term Sheet against June 8, 2020 Term Sheet
June 8, 2020
Davis Polk Blackline of June 8, 2020 Term Sheet against April 30, 2020 Term Sheet
May 3, 2020
Reports to Congress:
May 7, 2020
June 6, 2020
Periodic Report to Congress, Federal Reserve
July 6, 2020
Periodic Report to Congress, Federal Reserve
Report to Congress, Federal Reserve
August 5, 2020
August 6, 2020
Main Street Priority Loan Facility Transaction-Specific Disclosures
August 8, 2020
August 10, 2020
Main Street Priority Loan Facility Transaction-Specific Disclosures
September 7, 2020
September 8, 2020
Main Street Priority Loan Facility Transaction-Specific Disclosures
October 7, 2020
October 8, 2020
Main Street Priority Loan Facility Transaction-Specific Disclosures
November 6, 2020
November 9, 2020
Main Street Priority Loan Facility Transaction-Specific Disclosures
November 23, 2020
November 24, 2020
Main Street Priority Loan Facility Transaction-Specific Disclosures
December 10, 2020
December 11, 2020
Main Street Priority Loan Facility Transaction-Specific Disclosures
Main Street Expanded Loan Facility
Terms and guidance:
December 29, 2020
July 28, 2020
Davis Polk Blackline of July 28, 2020 Term Sheet against June 8, 2020 Term Sheet
June 8, 2020
Davis Polk Blackline of June 8, 2020 Term Sheet against April 30, 2020 Term Sheet
May 3, 2020
Davis Polk Blackline of April 30, 2020 Term Sheet against April 9, 2020 Term Sheet
Reports to Congress:
April 16, 2020
May 15, 2020
Periodic Report to Congress, Federal Reserve
June 6, 2020
Periodic Report to Congress, Federal Reserve
July 6, 2020
Periodic Report to Congress, Federal Reserve
July 31, 2020
Report to Congress, Federal Reserve
August 5, 2020
August 8, 2020
September 7, 2020
September 8, 2020
Main Street Expanded Loan Facility Transaction-Specific Disclosures
October 7, 2020
October 8, 2020
Main Street Expanded Loan Facility Transaction-Specific Disclosures
November 6, 2020
November 9, 2020
Main Street Expanded Loan Facility Transaction-Specific Disclosures
November 23, 2020
November 24, 2020
Main Street Expanded Loan Facility Transaction-Specific Disclosures
December 10, 2020
December 11, 2020
Main Street Expanded Loan Facility Transaction-Specific Disclosures
Main Street Lending Program forms and agreements
Forms and Agreements Overview Page, Federal Reserve Bank of Boston
Instructions for Lender Required Documentation
Lender registration documents:
Documents required at the time a loan participation is sold to the Main Street SPV:
Loan Participation Agreement (two parts):Co-lender agreement (two parts):Facility transaction specific lender certifications and covenants:Facility borrower certifications and covenants:MSNLF Lender Transaction Specific Certifications and Covenants
MSELF Lender Transaction Specific Certifications and Covenants
MSPLF Lender Transaction Specific Certifications and Covenants
Loan document checklist:MSNLF Borrower Certifications and Covenants
House Financial Services Committee materials
Press Release, April 16, 2020
April 16, 2020
Main street lending program for nonprofit organizations
Agency materials
Announcements and other agency materials
September 4, 2020
Press Release, Federal Reserve Bank of Boston
July 28, 2020
Press Release, Federal Reserve Board
July 17, 2020
Press Release, Federal Reserve Board
June 16, 2020
Statement from Secretary Mnuchin
June 15, 2020
Press Release, Federal Reserve Board
Main Street Lending Overview Page, Federal Reserve
Main Street Lending Overview Page, Federal Reserve Bank of Boston
Nonprofit Borrower Information Overview Page, Federal Reserve Bank of Boston
Main Street Lending Program Interactive Dashboard, Federal Reserve Bank of Boston
Terms and guidance
December 29, 2020
Nonprofit Organization New Loan Facility Term Sheet
December 29, 2020
Nonprofit Organization Expanded Loan Facility Term Sheet
December 29, 2020
Frequently Asked Questions re: Main Street for Nonprofit Organizations
Forms and agreements
Forms and Agreements Overview Page, Federal Reserve Bank of Boston
Instructions for Lender Required Documentation
Lender Registration Documents:
Lender Registration Certifications and Covenants
Documents Required at the Time a Loan Participation is sold to the Main Street SPV:
Loan Participation Agreement (two parts):
Loan Participation Agreement Transaction Specific Terms
Loan Participation Agreement Standard Terms and Conditions
Co-Lender Agreement (two parts):
Co-Lender Agreement Transaction Specific Terms
Co-Lender Agreement Standard Terms and Conditions
Facility Transaction Specific Lender Certifications and Covenants:
NONLF Lender Transaction Specific Certifications and Covenants
NOELF Lender Transaction Specific Certifications and Covenants
Facility Borrower Certifications and Covenants:
NONLF Borrower Certifications and Covenants
NOELF Borrower Certifications and Covenants
Loan Document Checklist:
Reports to Congress
July 23, 2020
Report to Congress, Nonprofit Organization New Loan Facility
July 23, 2020
Report to Congress, Nonprofits Organization Expanded Loan Facility
July 31, 2020
August 8, 2020
September 7, 2020
October 7, 2020
November 6, 2020
November 23, 2020
December 10, 2020
Municipal Liquidity Facility (MLF)
Agency materials
Initial announcement:
April 9, 2020
Press Release, Federal Reserve Board
Terms and guidance:
August 11, 2020
August 11, 2020
October 5, 2020
June 3, 2020
May 11, 2020
May 15, 2020
Reports to Congress
April 16, 2020
May 15, 2020
June 14, 2020
June 15, 2020
July 9, 2020
July 10, 2020
August 8, 2010
August 10, 2020
September 7, 2010
September 8, 2020
October 7, 2020
October 8, 2020
November 6, 2020
November 9, 2020
November 23, 2020
November 24, 2020
December 10, 2020
December 11, 2020
Transaction-Specific Disclosures
House Financial Services Committee materials
Press Release, April 16, 2020
April 16, 2020
Commercial Paper Funding Facility (CPFF)
Agency materials
Initial announcement
March 17, 2020
Press Release, Federal Reserve Board
Terms and guidance
Overview Page, Federal Reserve Board
Overview Page, Federal Reserve Bank of New York
Commercial Paper Funding Facility Issuer Registration Materials, Federal Reserve Bank of New York
Registration Instructions, Federal Reserve Bank of New York
November 30, 2020
November 30, 2020
November 30, 2020
Documents and forms
July 23, 2020
Request for Expressions of Interest
Reports to Congress
March 25, 2020
April 24, 2020
Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
May 23, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
June 10, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
July 9, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
August 8, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
September 7, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
October 7, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
November 6, 2020
November 23, 2020
December 3, 2020
December 10, 2020
Term Asset-Backed Securities Loan Facility (TALF)
Agency materials
Initial announcement
March 23, 2020
Press Release, Federal Reserve Board
Terms and guidance:
Overview Page, Federal Reserve Board
Overview Page, Federal Reserve Bank of New York
July 28, 2020
July 28, 2020
Press Release, Federal Reserve Board
July 23, 2020
Press Release, Federal Reserve Board
July 23, 2020
Press Release, Federal Reserve Board
November 2, 2020
Documents and forms
Master Loan and Security Agreement
Appendix 2B: Form of Borrower Solvency and Inadequate Credit Accommodations Certification
Appendix 2C: Form of Borrower Conflicts of Interest Certification
Appendix 3B: Form of Assignment and Assumption (Assignment by Borrower)
Loan Request Form and Instructions
TALF agents
Other documents and forms
Form of Auditor Attestation; Form of Management Report on Compliance
Form of TALF-Specific Agreed-Upon Procedures Report for CLOs
Form of Undertaking in Connection with SBA 7(a) Pool Certificates
Guidance for Accounting Firms in Determining TALF Collateral Eligibility for ABS
July 23, 2020
Facility documentation
Collateral Custody and Administration Agreement
Investment Memorandum of Understanding
Limited Liability Company Agreement
Preferred Equity Account Agreement
Reports to Congress
March 30, 2020
April 28, 2020
Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
June 27, 2020
Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
July 9, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
July 10, 2020
July 31, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
August 8, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
August 10, 2020
September 7, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
September 8, 2020
October 7, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
October 8, 2020
November 6, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
November 9, 2020
November 23, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
November 24, 2020
December 10, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
December 11, 2020
Primary Market Corporate Credit Facility (PMCCF)
Agency materials
Initial announcement:
March 23, 2020
Press Release, Federal Reserve Board
Terms and guidance:
Overview Page, Federal Reserve Board
Overview Page, Federal Reserve Bank of New York
July 28, 2020
July 28, 2020
July 28, 2020
Program Terms and Conditions Overview
December 4, 2020
Issuer certification forms and other documents:
Advance Issuer Certification Packet (CARES Act Certifications)
Co-Investor Issuer Authorization Form
Co-Investor Underwriter Authorization Form
Trade Date Issuer Certification Packet (Regulation A Certification)
Sole Investor Issuer Authorization Form
PMCCF Sole Investor Standard Terms (Company)
PMCCF Sole Investor Standard Terms (Guarantor)
Sole Investor Underwriter Authorization Form
Facility documentation:
Investment Management Agreement
Investment Memorandum of Understanding
Legal Services Engagement Letter
Limited Liability Company Agreement
Preferred Equity Account Agreement
Preferred Equity Investments Agreement
Reports to Congress:
March 30, 2020
April 28, 2020
Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
June 27, 2020
Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
July 9, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
July 31, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
August 8, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
September 7, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
October 7, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
November 6, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
November 23, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
December 10, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
House Financial Services Committee materials
Press Release, April 16, 2020
April 16, 2020
Secondary Market Corporate Credit Facility (SMCCF)
Agency materials
Initial announcement
March 23, 2020
Press Release, Federal Reserve Board
Terms and guidance
Overview Page, Federal Reserve Board
Overview Page, Federal Reserve Bank of New York
July 28, 2020
July 26, 2020
July 23, 2020
Press Release, Federal Reserve Board
July 23, 2020
Press Release, Federal Reserve Bank of New York
July 28, 2020
Program Terms and Conditions Overview
Composition of the SMCCF Broad Market Index
December 4, 2020
Seller certification materials
Seller Certification Overview Page
Other documents and forms
July 23, 2020
Request for Expressions of Interest
Facility agreements
Investment Management Agreement
Limited Liability Company Agreement
Preferred Equity Account Agreement
Reports to Congress
March 30, 2020
April 28, 2020
Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
May 28, 2020
Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
May 29, 2020
June 27, 2020
Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
June 28, 2020
July 9, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
July 10, 2020
July 31, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
August 8, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
August 10, 2020
September 7, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
September 8, 2020
October 7, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
October 8, 2020
November 6, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
November 9, 2020
November 23, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
November 24, 2020
December 10, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
December 11, 2020
Primary Dealer Credit Facility (PDCF)
Initial announcement
March 17, 2020
Press Release, Federal Reserve Board
Terms and guidance
Overview Page, Federal Reserve Board Overview Page, Federal Reserve Bank of New York
November 30, 2020
November 30, 2020
May 7, 2020
FAQs: Primary Dealer Credit Facility, Federal Reserve Bank of New York
April 9, 2020
Reports to Congress
March 25, 2020
April 24, 2020
Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
May 23, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
June 10, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
July 9, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
July 31, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
August 8, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
September 7, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
October 7, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
November 6, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
November 23, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
December 3, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
December 10, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
Money Market Mutual Fund Liquidity Facility (MMLF)
Initial announcement
March 18, 2020
Press Release, Federal Reserve Board
Additional announcements
March 20, 2020
Press Release, Federal Reserve Board
March 23, 2020
Press Release, Federal Reserve Board
Terms and guidance
Overview Page, Federal Reserve Board
Overview Page, Federal Reserve Bank of Boston
November 30, 2020
November 30, 2020
May 26, 2020
Money Market Mutual Fund Liquidity Facility FAQs, Federal Reserve
March 25, 2020
MMLF Request Form, Federal Reserve
Agreements and Documents, Federal Reserve Board
Related capital rules materials
March 19, 2020
Reports to Congress
March 25, 2020
April 24, 2020
Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
May 23, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
June 10, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
July 9, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
July 31, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
August 8, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
September 7, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
October 7, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
November 6, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
November 23, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
December 3, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
December 10, 2020
Periodic Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act, Federal Reserve
Monetary policy actions
Repo operations
March 12, 2020
Press Release, Federal Reserve Bank of New York
Fed funds rate
March 15, 2020
Press Release and FOMC Statement, Federal Reserve Board
March 15, 2020
March 23, 2020
Press Release and FOMC Statement, Federal Reserve Board
Quantitative easing
March 15, 2020
Press Release and FOMC Statement, Federal Reserve Board
March 15, 2020
March 23, 2020
Press Release and FOMC Statement, Federal Reserve Board
Swap lines
March 15, 2020
Press Release, Federal Reserve Board
March 19, 2020
Swap Lines FAQs, Federal Reserve Board
March 19, 2020
March 20, 2020
Press Release, Federal Reserve Board
FIMA repo facility
March 31, 2020
FIMA Repo Facility FAQs, Federal Reserve Board
March 31, 2020
Discount window and regulatory actions
Discount window
March 15, 2020
Press Release, Federal Reserve Board
Margins and Collateral Guidelines
Discount Window and Discount Rate Page, Federal Reserve Board
March 16, 2020
Press Release, Federal Reserve Board, FDIC, OCC
March 16, 2020
March 19, 2020
Press Release, Federal Reserve Board
Reserve requirement
March 16, 2020
Press Release, Federal Reserve Board
Buffers released
March 17, 2020
Press Release, Federal Reserve Board, FDIC, OCC
March 17, 2020
Interagency Statement, Federal Reserve Board, FDIC, OCC
March 15, 2020
March 23, 2020
Interim Final Rule, Federal Reserve Board
Supplementary leverage ratio modification
April 1, 2020
Press Release, Federal Reserve Board
April 1, 2020
May 15, 2020
May 15, 2020
May 15, 2020
Community bank leverage ratio modification
April 6, 2020
Press Release, Federal Reserve Board, FDIC, OCC
April 6, 2020
April 6, 2020
Liquidity coverage ratio modification
May 5, 2020
Press Release, Federal Reserve Board, FDIC, OCC
May 5, 2020
Interim Final Rule, Liquidity Coverage Ratio Rule: Treatment of Certain Emergency Facilities
Loan modifications (TDRS)
Revised Interagency Statement, Federal Reserve Board, FDIC, OCC, NCUA, CFPB
March 22, 2020
Interagency Statement, Federal Reserve Board, FDIC, OCC, NCUA, CFPB, CSBS
April 3, 2020
Current Expected Loss Methodology (CECL) deferral
March 27, 2020
Press Release, Federal Reserve Board
March 31, 2020
March 31, 2020
Standardized Approach for Counterparty Credit Risk SA-CCR) early adoption
March 27, 2020
Press Release, Federal Reserve Board
March 31, 2020
Delay of revised control framework
March 31, 2020
Press Release, Federal Reserve Board
March 31, 2020
Extension of Volcker Rule comment period
April 2, 2020
Press Release, Federal Reserve Board, FDIC, OCC, SEC, CFTC
Supervisory approach
March 13, 2020
Supervisory Letter 20-4/ CA 20-3, Federal Reserve Board
Reporting requirements
March 25, 2020
FFIEC Statement on Collaboration of Efforts to Address COVID-19
March 26, 2020
Suspension of transfer limitations
April 24, 2020
Interim Final Rule, Federal Reserve
April 24, 2020
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