| A | B | C | D | E | F | G | |
|---|---|---|---|---|---|---|---|
1 | Updated on January 5, 2021 | GFC | COVID-19 | ||||
2 | Who | Program | Initial Announcement Size (billions) | Peak Size (billions) | Program | Initial Announcement Size (billions) | Peak Size (billions) |
3 | Financial Institutions | Discount Window (DW) *Not 13(3) | No limit | $111 | Discount Window (DW) *Not 13(3) | No limit | $51 |
4 | Primary Dealer Credit Facility (PDCF) | No limit | $148 | Primary Dealer Credit Facility (PDCF) | No limit | $33 | |
5 | Term Auction Facility (TAF) *Not 13(3) | $40 *Size for only first two auctions announced | $493 | ||||
6 | Term Securities Lending Facility (TSLF) | $200 | $236 | ||||
7 | Single-Tranche Term Repo Agreement (STTR) *Not 13(3) | $100 | $80 | ||||
8 | Total | $240 *Two facilities with no stated limit, one facility with unspecified future auction sizes | $1,068 | No stated limit | $84 | ||
9 | Businesses | Commercial Paper Funding Facility (CPFF) | No limit *Market size $1.6 trillion at announcement | $350 | Commercial Paper Funding Facility (CPFF) | No limit *Market size $1.1 trillion at announcement | $13 |
10 | Term Asset-Backed Securities Loan Facility (TALF) | $200 *Size later increased | $48 | Term Asset-Backed Securities Loan Facility (TALF) | $100 | $4 | |
11 | Corporate Credit Facilities (CCF) which includes the Primary Market Corporate Credit Facility (PMCCF) and Secondary Market Corporate Credit Facility (SMCCF) | $750 | 13 | ||||
12 | Total | $200 *One facility with no stated limit | $398 | $850* *Excludes CPFF with no stated limit | $30 | ||
13 | Money Markets | Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF) | No limit | $152 | Money Market Mutual Fund Liquidity Facility (MMLF) | No limit *Market size $3.6 trillion at announcement | $53 |
14 | Money Market Investor Funding Facility (MMIFF) | No limit | $0 | ||||
15 | Total | No stated limit *Total market size $3.4 trillion at announcement | $152 | No stated limit | $53 | ||
16 | States and Municipalities | Municipal Liquidity Facility (MLF) | $500 | $6 | |||
17 | Total | $0 | $0 | $500 | $6 | ||
18 | Small Businesses | Paycheck Protection Program Liquidity Facility (PPPLF) | $659* *Amount authorized under Congressional allocations | $71 | |||
19 | Total | $0 | $0 | $659 | $71 | ||
20 | Medium Businesses | Main Street Lending Program (MSLP) | $600 | $16 | |||
21 | Total | $0 | $0 | $600 | $16 | ||
22 | Foreign Countries | Central Bank Liquidity Swap Lines (CBLSL) * Not 13(3) | $24 *Size for only ECB and SNB announced initially Size later increased | $586 | Central Bank Liquidity Swap Lines (CBLSL) * Not 13(3) | 5 unlimited swap lines $450* *9 new swap lines: 6 with $60 billion limit, 3 with $30 billion limit | $448 |
23 | Temporary Repurchase Agreement Facility for Foreign and International Monetary Authorities (FIMA) *Not 13(3) | No limit | $1 | ||||
24 | Total | $24 | $586 | $450* Excludes unlimited swap lines, FIMA Repo | $449 | ||
25 | Support to a Specific Company | Bear Stearns/JP Morgan (Thursday night loan) | - | $13 | |||
26 | Bear Stearns/JP Morgan (Maiden Lane) | $29 | $29 | ||||
27 | AIG (Revolving Credit Facility) | $85 | $72 | ||||
28 | AIG (Maiden Lane II) | $22 | $21 | ||||
29 | AIG Securities Borrowing Facility | $38 | $21 | ||||
30 | AIG (Maiden Lane III) | $30 | $24 | ||||
31 | AIG AIA Aurora | $25 | $25 | ||||
32 | CitiGroup | $234 | $0 | ||||
33 | Bank of America (announced but not officially invoked) | $88 | $0 | ||||
34 | Total | $551 | $192 | $0 | $0 | ||
35 | Grand Total | $2,396 | $3,059 | $709 | |||