Davis Polk Insights on Financial Regulation
Our memo delivers key takeaways on the Federal Reserve’s recent announcement about its research into central bank digital currency, along with some useful resources. We also place the Federal Reserve’s recent announcement, in a speech by Governor Lael Brainard, in the overall international context.
Please read our client memorandum for…
Continue Reading The Federal Reserve And Central Bank Digital Currencies
The Federal Reserve’s recent updates to its regulations on confidential supervisory information and availability of information under the Freedom of Information Act include several meaningful modifications to adapt these rules for the digital age of emails, data rooms and slide decks and the modern organizational structure and operations of banking…
Continue Reading 10 Key Takeaways from the Federal Reserve’s Final Rule on CSI and FOIA
We have updated our visual memo on the Main Street Program and our memo on the legal architecture of the Main Street Program to reflect the expansion of the program and the revised program documents that the Federal Reserve announced this week. The visual memo provides an overview of the…
Continue Reading Main Street Program: Updated Davis Polk Memos
The Federal Reserve announced on May 11 a revised term sheet and FAQs for its Municipal Liquidity Facility (MLF), which will provide up to $500 billion of direct support to states and local governments to help them manage cash flow stress related to the COVID-19 pandemic. Relative to…
Continue Reading Fed Announces Pricing for Municipal Liquidity Facility
Updated May 7, 2020
We have updated Davis Polk’s table summarizing the Federal Reserve’s actions to address the coronavirus crisis, with embedded links to the primary materials on the Federal Reserve’s website.
Visit Davis Polk’s Government Support for Businesses page for more information on these and other federal Continue Reading Fed Actions to Address the Coronavirus Crisis
The Federal Reserve has taken temporary measures (and has published FAQs) to (1) lift the net debit cap on and waive fees for daylight overdrafts for financially sound depository institutions, including U.S. branches and agencies of foreign banking organizations, and (2) provide a streamlined approval process for other depository…
Continue Reading Federal Reserve Eases Daylight Overdraft Limits
The Federal Reserve announced on April 27 the expansion of its Municipal Liquidity Facility (MLF), which will provide up to $500 billion of direct support to states and local governments to help them manage cash flow stress related to the COVID-19 pandemic. Key features of the MLF as…
Continue Reading Fed Expands Support for Municipal Funding Markets
We have published a new deck on the Small Business Administration’s Paycheck Protection Program, including information on the Federal Reserve’s liquidity facility.
Visit Davis Polk’s Government Support for Business page for more information on this and other federal programs.
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Continue Reading SBA Paycheck Protection Program: Key Provisions and Related Fed Secured Lending Facility
We have published an updated deck on what companies need to know about the Federal Reserve programs. This version is updated to cover the Federal Reserve program announcements from April 9, including the new Main Street programs. The deck also contains an updated summary chart of all Federal Reserve programs.…
Continue Reading Updated Deck on Key CARES Act Provisions and Fed Programs for Corporates
Updated April 13, 2020
We have updated Davis Polk’s summary table of the Federal Reserve’s actions to address the coronavirus crisis, with embedded links to the primary materials on the Federal Reserve’s website. This version is updated to cover the new, sweeping measures that the Fed announced on the morning…
Continue Reading Fed Actions to Address the Coronavirus Crisis