In its May 2021 Financial Stability Report, the Federal Reserve Board reviewed current conditions that may reflect vulnerabilities to the stability of the financial system.
News & Insights
The Federal Reserve Board compiled FAQs on existing interpretations from Orders, rulemakings, letters to institutions and other written and verbal guidance.
The Federal Reserve Board extended the termination date of its Paycheck Protection Program Liquidity Facility from March 31, 2021 to June 30, 2021.
The Federal Reserve Board adopted an interim final rule to extend certain exceptions under the Paycheck Protection Program to allow bank executive officers, directors and principal shareholders to apply for loans from related bank affiliates on behalf of the small businesses they own.
The Federal Reserve Board adopted an interim final rule to further extend an exception for bank executive officers, directors and principal shareholders to apply for Paycheck Protection Program loans from related bank affiliates on behalf of small businesses they own.