Assets: Liquidity and Credit Facilities: Loans, Net: Payroll Protection Program Liquidity Facility: Wednesday Level
H41RESPPALDJNWW • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,411.00
Year-over-Year Change
-21.31%
Date Range
6/7/2006 - 7/30/2025
Summary
This economic indicator tracks the net loans provided through the Payroll Protection Program (PPP) Liquidity Facility on a weekly basis. It represents a critical measure of government support for small businesses during economic challenges, particularly during the COVID-19 pandemic.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The PPP Liquidity Facility was a Federal Reserve program designed to provide liquidity to financial institutions participating in the Payroll Protection Program. Economists use this data to assess the scale and effectiveness of emergency small business lending interventions.
Methodology
Data is collected weekly by the Federal Reserve, tracking the net loan amounts processed through the PPP Liquidity Facility.
Historical Context
This metric is used to analyze government economic stimulus efforts, small business financial support, and pandemic economic recovery strategies.
Key Facts
- Part of the federal government's COVID-19 economic response strategy
- Provided critical financial support to small businesses during pandemic
- Tracked on a weekly basis to monitor lending activity
FAQs
Q: What is the Payroll Protection Program Liquidity Facility?
A: It was a Federal Reserve program designed to support small businesses by providing liquidity to lenders participating in the Payroll Protection Program during the COVID-19 pandemic.
Q: How does this facility help small businesses?
A: The facility enables banks to continue lending to small businesses by providing them with liquidity and reducing their financial risk during economic downturns.
Q: How often is this data updated?
A: The data is updated weekly, providing a current snapshot of PPP lending activity and government economic support.
Q: Why is this economic indicator important?
A: It provides insights into government economic intervention, small business financial health, and the effectiveness of pandemic-related economic support programs.
Q: Are there limitations to this data?
A: The data represents a specific period and program, primarily focused on pandemic-era small business support, and may not reflect broader long-term economic trends.
Related Trends
Liabilities and Capital: Liabilities: Deposits (Less Eliminations from Consolidation): Change in Wednesday Level from Previous Wednesday Level
RESPPMLLDXCH1NWW
Memorandum Items: Securities Lent to Dealers: Overnight Facility, Federal Agency Debt Securities: Wednesday Level
WSDFDSL
Liabilities and Capital: Liabilities: Deposits with F.R. Banks, Other Than Reserve Balances: Foreign Official: Change in Week Average from Previous Week Average
RESPPLLDFXAWXCH1NWW
Resources and Assets: Gold and Gold Certificates: Gold with Federal Reserve Agents
RAGGCGFRA
Liabilities and Capital: Other Factors Draining Reserve Balances: Treasury Contribution to Credit Facilities: Change in Week Average from Year Ago Week Average
H41RESH4EXAWXCH52NWW
Memorandum Items: Securities Lent to Dealers: Overnight Facility: Week Average
WSDONT
Citation
U.S. Federal Reserve, Assets: Liquidity and Credit Facilities: Loans, Net: Payroll Protection Program Liquidity Facility: Wednesday Level [H41RESPPALDJNWW], retrieved from FRED.
Last Checked: 8/1/2025