Fed to expand paycheck liquidity facility after criticism

Some observers say Paycheck Protection Program not reaching most affected firms

Federal Reserve

The Federal Reserve is working to expand the scope of financial institutions that are able to access its liquidity facility designed to help banks support firms and workers affected by Covid-19.

The announcement comes amid controversy that the funds in the government’s $350 billion business Paycheck Protection Program (PPP) went to large businesses and not the most severely impacted smaller firms.

The Fed’s Paycheck Protection Program Liquidity Facility (PPPLF) was created to support the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.