Assets: Liquidity and Credit Facilities: Loans, Net: Payroll Protection Program Liquidity Facility: Change in Week Average from Year Ago Week Average
H41RESPPALDJXAWXCH52NWW • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1,265.00
Year-over-Year Change
9.62%
Date Range
6/14/2006 - 8/6/2025
Summary
This economic indicator tracks the week-to-week changes in Payroll Protection Program (PPP) liquidity facility loans compared to the previous year's average. It provides critical insight into small business lending dynamics and government financial support during economic transitions.
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 metric reflects the Federal Reserve's tracking of PPP loan facility fluctuations, offering economists a real-time view of small business credit access and pandemic-related financial interventions. It helps analyze the effectiveness of emergency lending programs and their impact on business liquidity.
Methodology
Data is collected through Federal Reserve reporting systems, aggregating loan facility changes and comparing them to historical week averages.
Historical Context
This indicator is used by policymakers and economists to assess the ongoing effectiveness of small business support mechanisms and credit market responsiveness.
Key Facts
- Tracks week-to-week changes in PPP loan facility lending
- Provides insight into small business credit access
- Part of pandemic-era economic support mechanisms
FAQs
Q: What does this economic indicator measure?
A: It measures changes in Payroll Protection Program loan facility lending compared to the previous year's weekly average, tracking small business credit dynamics.
Q: Why is this data important?
A: The indicator helps economists and policymakers understand small business lending trends and the effectiveness of government financial support programs.
Q: How frequently is this data updated?
A: The data is typically updated weekly, providing near real-time insights into lending facility changes.
Q: What can this data tell us about economic recovery?
A: It offers insights into small business credit access, which is a key indicator of economic resilience and potential recovery.
Q: Are there limitations to this data?
A: The data is specific to PPP loans and may not capture the entire spectrum of small business lending or economic activity.
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Citation
U.S. Federal Reserve, Assets: Liquidity and Credit Facilities: Loans, Net: Payroll Protection Program Liquidity Facility: Change in Week Average from Year Ago Week Average [H41RESPPALDJXAWXCH52NWW], retrieved from FRED.
Last Checked: 8/1/2025