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:

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 businesses and their employees across the United States during the current period of financial strain by supporting the provision of credit to such businesses.

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.