Fed reports financial details on 3 key support programs

The Federal Reserve had $85.8 billion in loans outstanding last week in three of the programs it rolled out last month to protect the economy during the coronavirus pandemic. In a report to Congress that provided a look at the three programs as of April 14, it said Friday that it had $51.1 billion in loans outstanding for a program to support money market mutual funds and another $34.5 billion outstanding in loans to the giant Wall Street financial institutions that serve as primary dealers in the Treasury bond market. For the third program, the Fed said it had $249 million in loans outstanding to support the commercial paper lending market.

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