The past 24 hours have seen a series of updates from the Federal Reserve:
- An interim final rule from the Federal Reserve deletes the six-per-month limit on transfers involving savings account.
- The Federal Reserve announced it will make monthly disclosures of activity in lending facilities using CARES Act funding, including the names and details of participants in each facility, amounts borrowed and interest rate charged, a overall costs, revenues, and fees for each facility. The disclosures do not involved the Paycheck Protection Program.
- More lenders could soon have access to the Paycheck Protection Program Lending Facility. The Federal Reserve is in the process of expanding the facility to include non-depository lenders participating in the SBA program.
- The Federal reserve is also increasing the availability of intraday credit extended by Federal Reserve banks.






