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FRB Extends Expiration Date for COVID-19 Related Lending Facilities

The Federal Reserve Board ( the "FRB") extended the expiration date for its COVID-19 related lending facilities that were scheduled to "expire on or around" September 30, 2020. The new expiration date is December 31, 2020. Impacted facilities include the Primary Dealer Credit Facility, the Money Market Mutual Fund Facility, the Primary Market Corporate Credit Facility, the Secondary Market Corporate Credit Facility, the Term Asset-Backed Securities Loan Facility, the Paycheck Protection Program Liquidity Facility, and the Main Street Lending Program facilities.

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