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FFIS Publications

April 24, 2020 - Treasury Releases CRF Guidance

March 26, 2020 - The Coronavirus Relief Fund

 

Agency News and Guidance

June 29, 2020 - Tax Filing Deadline to Remain July 15

June 24, 2020 - Treasury Confirms Use of CRF for FEMA Match

An updated FAQ document confirms that states may use the CRF to meet their match requirement for Federal Emergency Management Agency (FEMA) assistance under the Stafford Act, assuming eligibility for Stafford Act funding has been determined.

June 24, 2020 - Treasury Releases Revised Borrower Application Form for Paycheck Protection Program

A revised lender application form also was released.

June 23, 2020 - Federal, State Bank Regulators Issue Examiner Guidance for COVID-19

Four federal agencies in conjunction with state bank and credit union regulators issued guidance to promote consistency and flexibility in the supervision and examination of financial institutions affected by the COVID-19 pandemic.

June 17, 2020 - Treasury and Small Business Administration Revise PPP Forgiveness Applications

The revised EZ and full applications conform to the Paycheck Protection Program (PPP) Flexibility Act.

June 17, 2020 - Treasury Updates Tribal Allocation Methodology for Coronavirus Relief Fund

The department also reports that all tribal payments based on employment and expenditure data (other than payments to Alaska Native corporations) have been made. No payment amounts have been reported.

June 16, 2020 - Fed Releases Second Periodic Update on MLF

An accompanying spreadsheet with transaction-specific disclosure is available on this page.

June 12, 2020 - Treasury Makes Second Distribution of Payments Under Tribal CRF

No allocation detail is provided.

June 11, 2020 - Federal Reserve Updates Notice of Interest (NOI) for MLF

The update reflects the revised set of eligible cities, counties, and revenue bond issuers.

June 8, 2020 - Federal Reserve Expands Main Street Lending Program

The expansion allows more small and medium-sized businesses to receive support.

June 4, 2020 - Treasury Adds FAQs for Tribal Coronavirus Relief Fund

The document addresses the population estimates used to distribute funds.

June 3, 2020 - Federal Reserve Expands MLF

At least two cities or counties per state will be eligible to directly issue notes to the MLF regardless of population. Governors will also be able to designate two issuers whose revenues are generally derived from government activities (such as public transit, airports, toll facilities, and utilities) to be eligible to directly use the facility. Updated FAQs are here and the updated term sheet is here.

May 28, 2020 - Treasury Updates CRF FAQs

The distribution of funds to local governments is among the issues addressed. Also, the CRF has been assigned a Catalog of Federal Domestic Assistance (CFDA) number of 21.019.

May 19, 2020 - President Clarifies States May Use Coronavirus Relief Fund for Federal Emergency Management Agency’s (FEMA) Cost Share Requirements under the Stafford Act

The information was provided in an email to governors’ offices.

May 18, 2020 - New York Federal Reserve Releases Materials for Issuers of MLF

The materials include a Notice of Interest, sample application, and form documents and certifications.

May 15, 2020 - Federal Reserve Provides First Periodic Update of MLF, Other Facilities

As of May 6, the MLF was not operational and there were no transactions to report.

May 14, 2020 - Guidance Released for Tribal Supplemental Requests CRF

The information will determine the second distribution of the CRF to tribal governments.

May 11, 2020 - Treasury Posts Payments to Local Governments, States Under the CRF

May 11, 2020 - Federal Reserve Posts Updates to Term Sheet for Municipal Liquidity Facility

May 5, 2020 - Treasury Announces Allocation Methodology for Tribal CRF Payments

April 28, 2020 - IRS, Department of Labor Issue COVID-19 Relief and Guidance for Employee Benefit Plans

April 27, 2020 - Federal Reserve Expands Scope and Duration of Municipal Liquidity Facility

Changes include lower population thresholds and increased maximum maturities.

April 22, 2020 - Treasury Releases Guidance and FAQs for CRF

For more information, see Issue Brief 20-10.

April 13, 2020 - Treasury Launches Portal for CRF Access

State and local governments must submit information by 11:59 p.m. ET on April 17, 2020.

April 9, 2020 - Federal Reserve Announces up to $500 Billion in Lending to States and Municipalities through Municipal Liquidity Facility

March 21, 2020 - IRS Delays Federal Income Tax Deadline by 90 Days

The IRS still encourages taxpayers owed refunds to file as quickly as possible.

March 20, 2020 - Departments of Labor and Treasury Begin Implementing COVID-19-Related Paid Leave and Tax Credits

 

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Updated July 1, 2020