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Fed extends several emergency credit programs until the end of the year from September 30

The Federal Reserve said on Tuesday that the board of governors had decided to extend several emergency loan programs until the end of the year. The programs are scheduled to end on September 30. “The three-month extension will facilitate planning by prospective participants in the facility and provide assurance that the facilities will remain available to help the economy recover from the COVID-19 pandemic,” Fed said in a statement. To keep credit flowing in the wake of the market disruption in March, many of the Fed’s programs have not attracted much interest in recent weeks. Fed officials argued that this was a healthy sign that credit was available from other sources and that it was important that the loan programs were in place in the event that financial conditions deteriorated again.

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