Blog

Home/News/Fed says around 600 smaller banks tapped PPP facility in its first days

Fed says around 600 smaller banks tapped PPP facility in its first days

Around 600 banks, most of them small community institutions, tapped the Federal Reserve’s Paycheck Protection Program facility for about $30 billion of loans as of May 6, the U.S. central bank reported on Saturday in its first detailed disclosure under the new program.

    

Written by

Peter Zirbes, ESQ. A Full Service Law Office 718 544 6300