Board Actions

Actions taken during the week ending May 23, 2020

Testimony and Statements

Coronavirus and CARES Act -- quarterly statement by Chair Powell before the Senate Committee on Banking, Housing, and Urban Affairs on the Federal Reserve's response to the economic crisis resulting from the COVID-19 pandemic, pursuant to the CARES Act.
-Published, May 19, 2020

Monetary and Financial Policy

Term Asset-Backed Securities Loan Facility (TALF) -- updates to the TALF's term sheet.
-Approved, May 12, 2020
(A/C)

Supervision and Regulation

Small-Dollar Loans -- interagency lending principles for offering responsible small-dollar loans.
-Announced, May 20, 2020