Federal Reserve System April 22, 2020 – Federal Register Recent Federal Regulation Documents

Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks
Document Number: 2020-08574
Type: Rule
Date: 2020-04-22
Agency: Federal Reserve System, Agencies and Commissions
In light of recent disruptions in economic conditions caused by the Coronavirus Disease 2019 and current strains in U.S. financial markets, the Board is issuing an interim final rule that excepts certain loans that are guaranteed under the Small Business Administration's Paycheck Protection Program from the requirements of section 22(h) of the Federal Reserve Act and the corresponding provisions of the Board's Regulation O.