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6.B. - Page 24 of 46 <br />REDWOOD CITY <br />Federal Reserve Broadens Tool Kit to Support Markets <br />Zero Interest Rates <br />Cut rates by 150 bps at two <br />emergency meetings in March <br />For the Quarter Ended March 31, 2020 <br />Asset Purchase Programs <br />U.S. Dollar Swap Lines Liquidity Support <br />Treasury and Agency MBS <br />purchase program <br />Discount Window <br />Market Update <br />Expanded swap lines with Funding for CP, corporate bonds, Decreased rate charged and <br />additional foreign central banks ABS, MMF & primary dealers extended term of loans <br />Repurchase Agreements Regulatory Relief <br />Increased the amount offered in <br />repurchase operations <br />Source: Federal Reserve. <br />Moved reserve requirement to o, <br />extended the filing deadline for <br />3/31 financial statements, and <br />eased capital liquidity restraints <br />PFM Asset Management LLC 82 <br />