The Fed’s Main Street Lending Program, explained
Abstract: Through its Main Street Lending Program, the Federal Reserve will buy up to $600 billion in loans that lenders, such as banks and credit unions, make to small and midsize businesses and nonprofits. When lenders sell their loans to the Fed, they can use the money they receive to make more loans.
Description: Full Text
Provider: Federal Reserve Bank of Cleveland
Publication Date: 2020-07-31