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Federal Reserve Board files reports with Congress on newly established lending facilities

March 25, 2020

On March 25, the Federal Reserve Board filed three reports to Congress pursuant to Section 13(3) of the Federal Reserve Act on the Primary Dealer Credit Facility, the Commercial Paper Funding Facility, and the Money Market Mutual Fund Liquidity Facility. Each report provides Congress with details on the facilities, including the structure and basic terms of the facilities.  The announcement of the lending facilities was previously covered here.