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NY Fed terminates commercial paper funding facility

07/08/2021 | 06:38pm EDT
FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington

NEW YORK (Reuters) - The Federal Reserve Bank of New York announced on Thursday that it terminated the commercial paper funding facility, an emergency lending program launched during the pandemic to help get credit directly to businesses and households.

The dedicated funding vehicle established to purchase commercial paper made its final distributions of assets on June 29 and July 7 to the Treasury Department and the New York Fed. The full equity investment of $10 billion was returned to the Treasury Department, along with investment earnings.

Read more here https://www.newyorkfed.org/markets/commercial-paper-funding-facility.

(Reporting by Jonnelle Marte; Editing by Leslie Adler)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ADLER GROUP S.A. -0.23% 17.36 Delayed Quote.-40.14%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.51% 0.7258 Delayed Quote.-5.16%
BRITISH POUND / US DOLLAR (GBP/USD) -0.37% 1.36698 Delayed Quote.0.34%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.03% 0.7895 Delayed Quote.0.57%
EURO / US DOLLAR (EUR/USD) 0.02% 1.172 Delayed Quote.-3.88%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.01% 0.013548 Delayed Quote.-1.04%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.73% 0.7012 Delayed Quote.-1.60%
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