Federal Reserve Board

News Release (November 30, 2020) Federal Reserve Board announces extension through March 31, 2021, for several of its lending facilities that were generally scheduled to expire on or around December 31 (PDF)   News Release (November 30, 2020) Federal Reserve Board announces extension through March 31, 2021, for several of its lending facilities that were generally scheduled to expire on or around December 31

Consumer Affairs Letter 20-13 (August 3, 2020) To: The Officers in Charge of Supervision at Each Federal Reserve Bank and Institutions Supervised by the Federal Reserve. Subject: Joint Statement on Additional Loan Accommodations Related to COVID-19. (PDF)   Consumer Affairs Letter 20-13 (August 3, 2020) To: The Officers in Charge of Supervision at Each Federal Reserve Bank and Institutions Supervised by the Federal Reserve. Subject: Joint Statement on Additional Loan Accommodations Related to COVID-19.

Consumer Affairs Letter 20-11 (July 6, 2020) To: The Officers and Managers in Charge of Consumer Affairs Sections. Subject: Examination Procedures for the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). (PDF)   Consumer Affairs Letter 20-11 (July 6, 2020) To: The Officers and Managers in Charge of Consumer Affairs Sections. Subject: Examination Procedures for the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

News Release (June 15, 2020) Federal Reserve Board announces it will resume examination activities for all banks, after previously announcing a reduced focus on exam activity in light of the coronavirus response (PDF)   News Release (June 15, 2020) Federal Reserve Board announces it will resume examination activities for all banks, after previously announcing a reduced focus on exam activity in light of the coronavirus response

News Release (June 8, 2020) Federal Reserve Board expands its Main Street Lending Program to allow more small and medium-sized businesses to be able to receive support (PDF)   News Release (June 8, 2020) Federal Reserve Board expands its Main Street Lending Program to allow more small and medium-sized businesses to be able to receive support

Consumer Affairs Letter 20-10 (May 27, 2020) To: The Officers and Managers in Charge of Consumer Affairs Sections. Subject: Community Reinvestment Act (CRA) Consideration for Activities in Response to the Coronavirus. (PDF)   Consumer Affairs Letter 20-10 (May 27, 2020) To: The Officers and Managers in Charge of Consumer Affairs Sections. Subject: Community Reinvestment Act (CRA) Consideration for Activities in Response to the Coronavirus.

Consumer Affairs Letter 20-08 (May 20, 2020) To: The Officers and Managers in Charge of Supervision at Each Federal Reserve Bank and to Institutions Supervised by the Federal Reserve. Subject: Interagency Lending Principles for Making Responsible Small-Dollar Loans. (PDF)   Consumer Affairs Letter 20-08 (May 20, 2020) To: The Officers and Managers in Charge of Supervision at Each Federal Reserve Bank and to Institutions Supervised by the Federal Reserve. Subject: Interagency Lending Principles for Making Responsible Small-Dollar Loans.

Consumer Affairs Letter 20-07 (May 7, 2020) To: The Officers and Managers in Charge of Consumer Affairs Sections. Subject: Flood Insurance Compliance in Response to the Coronavirus. (PDF)   Consumer Affairs Letter 20-07 (May 7, 2020) To: The Officers and Managers in Charge of Consumer Affairs Sections. Subject: Flood Insurance Compliance in Response to the Coronavirus.

News Release (April 30, 2020) Federal Reserve Board announces it is expanding the scope and eligibility for the Main Street Lending Program (PDF)   News Release (April 30, 2020) Federal Reserve Board announces it is expanding the scope and eligibility for the Main Street Lending Program

News Release (April 30, 2020) Federal Reserve expands access to its Paycheck Protection Program Liquidity Facility (PPPLF) to additional lenders, and expands the collateral that can be pledged (PDF)   News Release (April 30, 2020) Federal Reserve expands access to its Paycheck Protection Program Liquidity Facility (PPPLF) to additional lenders, and expands the collateral that can be pledged

News Release (April 17, 2020) Federal Reserve Board announces rule change to bolster the effectiveness of the Small Business Administration's Paycheck Protection Program (PDF)   News Release (April 17, 2020) Federal Reserve Board announces rule change to bolster the effectiveness of the Small Business Administration's Paycheck Protection Program

Notice (PDF)   Notice

News Release (April 8, 2020) Federal Reserve Board announces, due to the extraordinary disruptions from the coronavirus, that it will temporarily and narrowly modify the growth restriction on Wells Fargo so that it can provide additional support to small businesses (PDF)   News Release (April 8, 2020) Federal Reserve Board announces, due to the extraordinary disruptions from the coronavirus, that it will temporarily and narrowly modify the growth restriction on Wells Fargo so that it can provide additional support to small businesses

News Release (April 6, 2020) Federal Reserve will establish a facility to facilitate lending to small businesses via the Small Business Administration's Paycheck Protection Program (PPP) by providing term financing backed by PPP loans (PDF)   News Release (April 6, 2020) Federal Reserve will establish a facility to facilitate lending to small businesses via the Small Business Administration's Paycheck Protection Program (PPP) by providing term financing backed by PPP loans

Consumer Affairs Letter 20-05 (March 30, 2020) To: The Officer in Charge of Supervision at Each Federal Reserve Bank and to Institutions Supervised by the Federal Reserve. Subject: Joint Statement Encouraging Responsible Small-Dollar Lending in Response to COVID-19. (PDF)   Consumer Affairs Letter 20-05 (March 30, 2020) To: The Officer in Charge of Supervision at Each Federal Reserve Bank and to Institutions Supervised by the Federal Reserve. Subject: Joint Statement Encouraging Responsible Small-Dollar Lending in Response to COVID-19.

Consumer Affairs Letter 20-06 (March 30, 2020) To: The Officers and Managers in Charge of Consumer Affairs Sections. Subject: Home Mortgage Disclosure Act (HMDA) Quarterly Reporting during the COVID-19 Pandemic. (PDF)   Consumer Affairs Letter 20-06 (March 30, 2020) To: The Officers and Managers in Charge of Consumer Affairs Sections. Subject: Home Mortgage Disclosure Act (HMDA) Quarterly Reporting during the COVID-19 Pandemic.

News Release (March 26, 2020) Federal Reserve offers regulatory reporting relief to small financial institutions affected by the coronavirus (PDF)   News Release (March 26, 2020) Federal Reserve offers regulatory reporting relief to small financial institutions affected by the coronavirus

News Release (March 24, 2020) Federal Reserve provides additional information to financial institutions on how its supervisory approach is adjusting in light of the coronavirus (PDF)   News Release (March 24, 2020) Federal Reserve provides additional information to financial institutions on how its supervisory approach is adjusting in light of the coronavirus

Statement on Supervisory Activities (PDF)   Statement on Supervisory Activities

News Release (March 23, 2020) Federal Reserve announces extensive new measures to support the economy (PDF)   News Release (March 23, 2020) Federal Reserve announces extensive new measures to support the economy

News Release (March 23, 2020) Federal Reserve Board announces technical change to support the U.S. economy and allow banks to continue lending to creditworthy households and businesses (PDF)   News Release (March 23, 2020) Federal Reserve Board announces technical change to support the U.S. economy and allow banks to continue lending to creditworthy households and businesses

Action: Interim final rule with request for comments. Agency: Board of Governors of the Federal Reserve System (Board). Total Loss-Absorbing Capacity, Long- Term Debt, and Clean Holding Company Requirements for Systemically Important U.S. Bank Holding Companies and Intermediate Holding Companies of Systemically Important Foreign Banking Organizations: Eligible Retained Income 85 FR 17003 Published March 26, 2020. Interim final rule effective March 26, 2020 and comments due May 11, 2020. (PDF)   Action: Interim final rule with request for comments. Agency: Board of Governors of the Federal Reserve System (Board). Total Loss-Absorbing Capacity, Long- Term Debt, and Clean Holding Company Requirements for Systemically Important U.S. Bank Holding Companies and Intermediate Holding Companies of Systemically Important Foreign Banking Organizations: Eligible Retained Income 85 FR 17003 Published March 26, 2020. Interim final rule effective March 26, 2020 and comments due May 11, 2020.

Consumer Affairs Letter 20-04 (March 19, 2020) To: The Officers and Managers in Charge of Consumer Affairs Sections. Subject: CRA Consideration for Activities in Response to the Coronavirus. (PDF)   Consumer Affairs Letter 20-04 (March 19, 2020) To: The Officers and Managers in Charge of Consumer Affairs Sections. Subject: CRA Consideration for Activities in Response to the Coronavirus.

News Release (March 18, 2020) Federal Reserve Board broadens program of support for the flow of credit to households and businesses by establishing a Money Market Mutual Fund Liquidity Facility (MMLF) (PDF)   News Release (March 18, 2020) Federal Reserve Board broadens program of support for the flow of credit to households and businesses by establishing a Money Market Mutual Fund Liquidity Facility (MMLF)

News Release (March 17, 2020) Federal Reserve Board announces establishment of a Commercial Paper Funding Facility (CPFF) to support the flow of credit to households and businesses (PDF)   News Release (March 17, 2020) Federal Reserve Board announces establishment of a Commercial Paper Funding Facility (CPFF) to support the flow of credit to households and businesses

News Release (March 17, 2020) Federal Reserve Board announces establishment of a Primary Dealer Credit Facility (PDCF) to support the credit needs of households and businesses (PDF)   News Release (March 17, 2020) Federal Reserve Board announces establishment of a Primary Dealer Credit Facility (PDCF) to support the credit needs of households and businesses

News Release (March 15, 2020) Federal Reserve Actions to Support the Flow of Credit to Households and Businesses (PDF)   News Release (March 15, 2020) Federal Reserve Actions to Support the Flow of Credit to Households and Businesses

Consumer Affairs Letter 20-03 (March 13, 2020) To: The Officer in Charge of Supervision at each Federal Reserve Bank and to Institutions Supervised by the Federal Reserve. Subject: Supervisory Practices Regarding Financial Institutions Affected by Coronavirus. (PDF)   Consumer Affairs Letter 20-03 (March 13, 2020) To: The Officer in Charge of Supervision at each Federal Reserve Bank and to Institutions Supervised by the Federal Reserve. Subject: Supervisory Practices Regarding Financial Institutions Affected by Coronavirus.

As you know, state and federal executives, agencies and legislatures are reviewing data and circumstances every day and adjusting their responses to the pandemic all the time. We are monitoring for changes and developments and will post updates to this resource as we find them. Please check back regularly. We will also send alerts as certain critical developments unfold. If you are not signed up for Hudson Cook, LLP insights and would like to receive alerts, please sign up here.

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