# Temporary Actions To Support the Flow of Credit to Households and Businesses by Encouraging Use of Intraday Credit
> **US Federal Reserve System** · Policy statement. · Published 2020-04-28 · Effective 2020-04-24 · 85 FR 23448
## Document
- **Document number:** 2020-09052
- **Category:** other
- **Agency:** US Federal Reserve System
- **Federal Register citation:** 85 FR 23448
- **Publication date:** 2020-04-28
- **Effective date:** 2020-04-24
- **Docket:** Docket No. OP-1716
## Abstract

Due to the extraordinary disruptions from the coronavirus disease 2019 (COVID-19), the Board of Governors of the Federal Reserve System (Board) is announcing temporary actions aimed at encouraging healthy depository institutions to utilize intraday credit extended by Federal Reserve Banks (Reserve Banks). The Board recognizes that the Federal Reserve has an important role in providing intraday balances and credit to foster the smooth operation of the payment system. These temporary actions are intended to support the provision of liquidity to households and businesses and the general smooth functioning of payment systems.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2020/04/28/2020-09052/temporary-actions-to-support-the-flow-of-credit-to-households-and-businesses-by-encouraging-use-of)
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