{"id":"AGY-FED-FINANCIAL-028","kind":"order","level":"federal","jurisdiction":"United States; Board of Governors of the Federal Reserve System (federal)","state":"","metro":"","industry":"","agency":"FED-FINANCIAL","eco":"","issuer":"Board of Governors of the Federal Reserve System","authority":"12 U.S.C. § 461(b); § 347b","instrument":"Board statement of March 15, 2020, Federal Reserve Actions to Support the Flow of Credit to Households and Businesses","title":"Federal Reserve Actions to Support the Flow of Credit to Households and Businesses","dateIssued":"2020-03-15","effective":"2020-03-15 (discount window changes March 16; reserve requirements to zero March 26)","end":"Reserve requirement change permanent; discount window terms continued","startDate":"2020-03-15","endDate":"2021-09-30","quarters":["2020Q2","2020Q3","2020Q4","2021Q1","2021Q2","2021Q3"],"types":["EMER","OTHER"],"addressees":["depository institutions"],"clause":"The Federal Reserve encourages depository institutions to turn to the discount window to help meet demands for credit from households and businesses at this time.... [The Board reduced] reserve requirement ratios to zero percent effective on March 26.","enforcement":"12 C.F.R. parts 201, 204","functions":["BL","CL","OP liquidity management"],"notes":"Predicate statement for Exs. 007 and 010; context on the March 15, 2020 emergency footing of the banking system","sourceUrl":"https://www.federalreserve.gov/newsevents/pressreleases/monetary20200315b.htm","snapshot":"","fileExists":true,"fileBytes":163441,"grade":"primary","character":"","description":"","collection":"AGY-FED-FINANCIAL","url":"/library/AGY-FED-FINANCIAL-028","exhibitUrl":"/exhibit/AGY-FED-FINANCIAL-028","citation":"Board of Governors of the Federal Reserve System, Board statement of March 15, 2020, Federal Reserve Actions to Support the Flow of Credit to Households and Businesses (Mar. 15, 2020) (Ex. AGY-FED-FINANCIAL-028)","stateName":"","related":["AGY-FED-FINANCIAL-011","AGY-FED-FINANCIAL-010","AGY-FED-FINANCIAL-012","AGY-FED-FINANCIAL-018"]}