The Main Street Lending Program has ceased purchasing participations in eligible loans.
- On April 9, 2021, the Main Street Post-Termination FAQs were updated to include clarifications regarding (i) the application of the CARES Act direct loan restrictions to arrangements between Main Street borrowers and independent contractors, vendors, or other third-party service providers (FAQ H.26) and (ii) certain issues arising in the administration of Main Street loans (FAQs J.9 and J.10). See a comparison to the previous Main Street FAQs.
- On Monday, March 22, the Federal Reserve’s Board of Governors posted audited financial statements for MS Facilities LLC, formed in connection with the implementation of the Main Street Lending Program. The financial statements cover the period from May 18, 2020 to December 31, 2020.
- The Federal Reserve Bank of Boston has posted additional information regarding vendors for the Main Street Lending Program on the vendor page; specifically, a quarterly report reflecting fees approved for payment to the vendors supporting the program.
- An integrity hotline has been established for reports of fraud, waste, abuse, misrepresentations, illegal activity or unethical behavior associated with the facilities established by the Federal Reserve and administered by the Federal Reserve Bank of Boston to support the economy and promote the stability of the financial system in response to the COVID-19 pandemic. To make a report, please call 844-978-1252.