CRS – Federal Reserve Emergency Lending
CRS Report – Federal Reserve: Emergency Lending, Updated March 27, 2020. “The 2007-2009 financial crisis led the Federal Reserve (Fed) to revive an obscure provision found in Section 13(3) of the Federal Reserve Act (12 U.S.C. 344) to extend credit to nonbank financial firms for the first time since the 1930s.” See also CRS Report …