1 minute ago by Reuters1 minute ago by Reuters1 minute ago by Reuters1 Read On March 19, 2019, a file photo shows the Federal Reserve Board building on Constitution Avenue in Washington, D.C. REUTERS/File Photo/Leah Millis (Reuters) – NEW YORK (Reuters) – On Thursday, the Federal Reserve Bank of New York announced the discontinuation of the commercial paper funding facility, an emergency lending tool established during the epidemic to allow businesses and families access credit immediately. On June 29 and July 7, the dedicated funding vehicle established to purchase commercial paper made its final asset allocations to the Treasury Department and the New York Fed. The Treasury Department received the entire $10 billion equity investment, as well as investment earnings. More information can be found here. Jonnelle Marte contributed reporting, and Leslie Adler edited the piece./n
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