UPDATE 1-Fed says around 600 smaller banks tapped PPP facility in its first days
15 May UPDATE 1-Fed says around 600 smaller banks tapped PPP facility in its first days
Posted at 20:52h
in
News
by KMFSLLP
Around 600 banks, most of
them small community institutions, tapped the Federal Reserve’s
Paycheck Protection Program facility for about $30 billion of
loans as of May 6, the U.S. central bank reported on Saturday in
its first detailed disclosure under the new program.
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