NJBIA - New Jersey Business & Industry Association
New Jersey Business & Industry Association
The Federal Reserve on Monday said it had extended four backstop lending programs that have helped to stabilize short-term funding markets after the coronavirus pandemic hit the United States. The four programs include the Commercial Paper Funding Facility, the Money Market Mutual Fund Liquidity Facility, the Primary Dealer Credit Facility, and the Paycheck Protection Program Liquidity Facility. All had been […]
The Federal Reserve Board on Thursday announced it is expanding the scope and eligibility for the Main Street Lending Program. As part of its broad effort to support the economy, the Federal Reserve developed the Main Street Lending Program to help credit flow to small and medium-sized businesses that were in sound financial condition before […]
The 2019 Small Business Credit Survey (SBCS) is open! If you are a small business owner or are self-employed, the Federal Reserve Banks invite you to participate. Your confidential answers will provide critical information that service providers, policymakers, and lenders use to improve programs for small businesses. Click here to take the survey. Are you […]
The Federal Reserve is investing in a new service called FedNow that will allow banks to process and settle individual payments within seconds, instead of requiring customers to wait days for funds to clear. Round-the-clock, instantaneous transactions would help Americans avoid overdraft and late fees that mount as they wait for transactions to clear, according […]
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New Jersey Business & Industry Association
10 West Lafayette Street Trenton, NJ 08608-2002
Tel: 609-393-7707
