Special Facilities
The Federal Reserve System is working to support the flow of credit to households and businesses and the overall U.S. economy during the COVID-19 pandemic.
The Federal Reserve Bank of Boston is operating the following Federal Reserve facilities:
- Main Street Lending Program, operated through five facilities:
- Main Street New Loan Facility (MSNLF)
- Main Street Priority Loan Facility (MSPLF)
- Main Street Expanded Loan Facility (MSELF)
- Nonprofit Organization New Loan Facility (NONLF)
- Nonprofit Organization Expanded Loan Facility (NOELF)
- Money Market Mutual Fund Liquidity Facility (MMLF)
- Paycheck Protection Program Lending Facility (PPPLF), which is operating at each of the 12 Reserve Banks in the Federal Reserve System.
These facilities focus on addressing, and blunting, the economic effects of the pandemic. The Boston Fed is operating these Federal Reserve facilities to help stabilize economic and financial conditions, and help ease the economic challenges impacting Americans as a result of the pandemic.
Main Street Lending Program
The Main Street program is designed to provide support to small and medium-sized for-profit businesses and nonprofit organizations and their employees across the U.S. during the current period of financial strain.
Money Market Mutual Fund Liquidity Facility (MMLF)
The Federal Reserve established the Money Market Mutual Fund Liquidity Facility, or MMLF, to broaden its program of support for the flow of credit to households and businesses.
Paycheck Protection Program Liquidity Facility (PPPLF)
The Federal Reserve established the Paycheck Protection Program Liquidity Facility, or PPPLF to bolster the effectiveness of the Small Business Administration’s Paycheck Protection Program.