Search Results for keywords:"lending support"

Found 2 results

Search Results: keywords:"lending support"

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  • 2020-28756 — Regulation D: Reserve Requirements of Depository Institutions
    Type:Rule
    Citation:86 FR 8853
    Reading Time:about 4 minutes

    The Board of Governors of the Federal Reserve System has finalized a rule that lowers reserve requirement ratios on transaction accounts at depository institutions to zero percent. This change, effective March 12, 2021, marks a shift toward an "ample reserves" regime and removes reserve requirements, aiming to support lending to households and businesses. The interim rule, first published in March 2020, received no public comments, leading to its adoption without changes. The rule is compliant with relevant legal frameworks, including the Administrative Procedure Act and the Paperwork Reduction Act.

    Simple Explanation

    The Federal Reserve decided that banks no longer need to keep a portion of their money in reserve, allowing them to use all of it to help people and businesses. This makes it easier for banks to give more loans, but some people think it might cause issues because it wasn’t explained very clearly.

  • 2024-30269 — Applications: Bond Guarantee Program
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    Type:Notice
    Citation:89 FR 104290
    Reading Time:about 83 minutes

    The Community Development Financial Institutions Fund (CDFI Fund), part of the U.S. Department of Treasury, has announced the availability of up to $500 million in guarantees for fiscal year 2025 under the CDFI Bond Guarantee Program. This program is designed to help Community Development Financial Institutions (CDFIs) by offering bond guarantees that support lending for economic development projects. Interested parties need to submit their applications by specified deadlines in early 2025. The rules and detailed requirements for the application and qualification processes are explained in the notice, which also includes guidance on compliance with regulations and statutes.

    Simple Explanation

    The U.S. Treasury has a plan to help communities by giving out promises to pay, called guarantees, worth up to $500 million in 2025, but to get these, groups must follow some tricky rules and fill lots of paperwork.