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Federal Reserve extends termination date of Main S...

Release Time:2020-12-29

In order to allow more time to process and fund loans that were submitted to the Main Street lender portal on or before December 14, 2020, the Federal Reserve Board on Tuesday extended the termination date of the Main Street Lending Program facilities to January 8, 2021. As described in new frequ...

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Federal Reserve Board invites public comment on pr...

Release Time:2020-12-22

The Federal Reserve Board on Tuesday issued a notice of proposed rulemaking that requests public comment on proposed amendments to Regulation D (Reserve Requirements of Depository Institutions). Under the proposal, references to an "interest on required reserves" ("IORR") rate and to an "interest on...

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Appointment of Assistant Governor, Business Servic...

Release Time:2020-12-10

The Governor, Philip Lowe, is pleased to announce the appointment of Michelle McPhee to the position of Assistant Governor (Business Services) at the Reserve Bank of Australia. The Bank considered a competitive field of internal and external candidates for the ro...

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Statement by Philip Lowe, Governor: Monetary Polic...

Release Time:2020-12-01

At its meeting today, the Board decided to maintain the current policy settings, including the targets of 10 basis points for the cash rate and the yield on 3-year Australian Government bonds, as well as the parameters of the Term Funding Facility and the government bond pur...

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Federal Reserve Board announces extension through ...

Release Time:2020-11-30

The Federal Reserve Board on Monday announced an extension through March 31, 2021, for several of its lending facilities that were generally scheduled to expire on or around December 31. By backstopping critical short-term funding markets, these facilities are supporting market functioning and en...

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Minutes of the Federal Open Market Committee, Nove...

Release Time:2020-11-25

The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on November 4-5, 2020. The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy d...

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Payments System Board Update: November 2020 Meetin...

Release Time:2020-11-20

At its meeting today, the Payments System Board discussed a number of issues, including: The Bank's Review of Retail Payments Regulation. Work on the Review has resumed, with Bank staff considering various policy options and re-engaging with stakeholders over recent mont...

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Statement by Philip Lowe, Governor: Monetary Polic...

Release Time:2020-11-03

At its meeting today, the Board decided on a package of further measures to support job creation and the recovery of the Australian economy from the pandemic. With Australia facing a period of high unemployment, the Reserve Bank is committed to doing what it can to support t...

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Federal Reserve Board adjusts terms of Main Street...

Release Time:2020-10-30

The Federal Reserve Board on Friday adjusted the terms of the Main Street Lending Program in two important ways to better target support to smaller businesses that employ millions of workers and are facing continued revenue shortfalls due to the pandemic. In particular, the minimum loan size for thr...

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Minutes of the Board's discount rate meetings from...

Release Time:2020-10-13

The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from August 24 through September 16, 2020. The minutes are attached.

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