Liquidity

Senate rescue plan aims to calm depositors, debt holders

03/25/20

While analysts agree banks are in better shape than in 2008, lawmakers are dusting off a crisis-era tool used by the Federal Deposit Insurance Corp. to soothe potential liquidity fears during the coronavirus pandemic.

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Fed goes all in; Santander chief takes pay cut

03/24/20

The Fed announced several new lending facilities and virtually “unlimited” purchases of Treasury bonds; Ana Botín will donate the money to a coronavirus fund.

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Fed moves telegraph fears of prolonged liquidity crisis

03/23/20

The central bank's sweeping actions suggest a cash shortage gripping sectors directly hit by the pandemic. Banks were supposed to be protected by Dodd-Frank but are still vulnerable to a funding domino effect.

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Fed announces aggressive actions to boost liquidity amid virus turmoil

03/23/20

The Federal Reserve committed Monday to conducting more asset purchases of Treasury securities and mortgage-backed securities and announced $300 billion in new financing for credit facilities.

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Banks reward front-line employees; Wells asks Fed for asset cap relief

03/23/20

BofA, JPMorgan said they are paying bonuses to branch and call center employees; the bank says removing the $1.9 trillion limit on growth will help it lend to more customers in need.

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Fed expands reach of new credit facility to muni bond market

03/20/20

The central bank said its program to support money market mutual funds will also serve as a backstop for state and local governments.

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Regulators issue more guidance on banks' pandemic response

03/19/20

The agencies said banks could receive Community Reinvestment Act credit for activities addressing the virus fallout, and clarified earlier guidance encouraging banks to dip into their capital buffers.

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Fed opens liquidity lines with more central banks

03/19/20

The expansion of the dollar swap lines allows foreign central banks to meet the needs of companies and financial institutions rushing for dollars as the global payments system undergoes severe strain due to the coronavirus.

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Fed starts emergency program to aid money market mutual funds

03/19/20

The Money Market Mutual Fund Liquidity Facility, established under the central bank’s emergency authority, echoes a version that was set up during the global financial crisis.

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What else can the Fed do to blunt coronavirus impact?

03/17/20

The Federal Reserve's support for the commercial paper market made clear that it was willing to go beyond cutting interest rates, but the central bank may feel pressure to do even more as the crisis worsens.

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