FRB-NY: How to Build a Better Main Street Lending Program
The New York Fed’s blog today includes a post assessing the now-shuttered Main Street Lending program (MSLP), concluding that it was a success as evidenced by accelerating demand and a prudent risk-sharing, collaboratively-designed construct.
Call Reports to Change re Brokered Deposits
The FRB, FDIC, and OCC today proposed to revise the Call Report to exclude sweep deposits and certain other deposits from being reported as brokered deposits as directed by the final rules on the NSFR (see FSM Report LIQUIDITY32) and Brokered Deposit and Interest Rate Restrictions (see FSM Report DEPOSITINSURANCE111).