Paycheck Protection Program Liquidity Facility (PPPLF)
Non-depository institutions should visit the PPPLF for Non-Depository Institutions page for additional information.
Last Updated 8/3/2021
The termination date for the Paycheck Protection Program Liquidity Facility (PPPLF) was July 30, 2021. As a result, no new extensions of credit will be made under the PPPLF after July 30, 2021.
Current PPPLF participants must continue to submit the reduction report in accordance with the cadence established with the lending Reserve Bank, or every two weeks at minimum. The archive of historical PPPLF documentation can be found on the PPPLF Historical Documentation page.
Additional information can be found on the Frequently Asked Questions page.
Individual PPP Loan Reduction Report Instruction Video
This video demonstrates the process for completing the Paycheck Protection Program Liquidity Facility Individual PPP Loan Reduction Report. You will use this form to submit PPP loan reduction payments and the matching PPPLF advance reduction.
PPPLF Operational Documents for Depository Institutions
- Letter of Agreement - PPPLF (Effective January 14, 2021)
- Reporting Requirements for Paydowns of PPP Loans Documentation Guide
- Guide for Pledging PPP Loans with Modified Maturities
PPPLF Transaction Forms
The table below identifies the forms needed to process PPPLF payments and payoffs. Please do not alter the forms and only supply these forms to facilitate the transactions. Please use FRSecure email transmission to submit completed PPPLF documentation to the PPPLF mailbox at your lending Reserve Bank.
|Individual PPP Loan Reduction Report (reduction report)||
This report is for submitting PPP loan reduction payments and the matching PPPLF advance reduction. The lending Reserve Bank will reduce the PPPLF advance amount to ensure that the PPPLF advance amount does not exceed the outstanding amount of PPP loans pledged to secure the advance.
Effective September 18, 2020, this single reduction report form replaces the two forms (Transmittal Form for Reporting Reductions of Outstanding Principal Balance of Small Business Administration Paycheck Protection Program Loans Pledged to Secure Paycheck Protection Program Liquidity Facility Advances and the Paycheck Protection Program Individual Loan Listing Table) that were used starting in May 2020.
|Sample - Individual PPP Loan Reduction Report (reduction report)|
|Transmittal Form for Full Payoff||
This form is used to pay off an advance in full prior to maturity. This form is used when funds are no longer needed but collateral is not necessarily paid down or off.
A Paycheck Protection Program Individual Loan Reporting Table is NOT required to accompany this form. The PPPLF loan will be considered fully paid off and the associated maturity pool of collateral will be automatically withdrawn.
|Sample - Transmittal Form for Full Payoff|