Small and mediumsized businesses that were in sound Financial Condition before the virus impact of the economy we will hear from the head of the fed in boston and banking and business leaders. Will come tog order. This is a hybrid hearing meaning some of our commissioners are appearing in person and witnesses will testify remotely. Let me offer a few Video Conferencing reminders. Before you start speaking there will be a slight delay before you are displayed on the screen. Click the mute button until your turn to speak or to ask a question. If there is a technology issue, well move to the next speaker until it is resolved. You should all have one box on your screens labeled clock to show you how much time is remaining. Congressional Oversight Commission pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As a part of our oversight work, the commission has decided to hold
Commission has decided to order ourselves alphabetically. With that welcome to this virtual hearing convened by the Congressional Oversight Commission pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As part of our oversight work, the commission has decided to hold this hearing today which will exam examine the main Street Lending facilities. The Federal Reserve established the main Street Programs to support small and immediate you yumsized business answer Nonprofit Organization that is were in found sentence condition before the onset of the covid19 pandemic. The program operates through five facilities which we will learn more about this morning. The programs being administered by the Federal Reserve bank of boston todays hearing will have two panels. President eric rosengry. N, Federal Reserve bank of boston will testify during the first panel. Second panel will i
Commissioner ronen . Commissioner ronen present. Clerk commissioner safai. Supervisor commissioner stefani . Walton absent. Yee present. We have quorum. Commissioner peskin for you have any announcements . Clerk yes. Public comment will be available for each item on this agenda via telephone by calling 888 2045984. Enter access today 2858465. Not sure if its showing up on the screen. But then follow the system prompts. Once you join, youll be able to listen to the meeting as a participant. When you wish to speak on an item, dial 10 to be added to the queue to speak. Each caller will be allowed two minutes to speak. When your two minutes are up, we will move on to the next caller. Calls will be in the taken in the order in which they are received. Best practices are to speak slowly, and turn down the volume on the speaker. Please allow for a 30second lag time during the course of the meeting. Commissioner peskin thank you, madam clerk. I move on to the chairs report. Colleagues, this mo
Situation and perhaps program the fund at the end of 2020, when we have a much Bigger Picture and reflect this in the new midyear budget we plan to bring in june and the annual budget later this year. We have, however, in the meantime been engaging with key stakeholders, such as the sfmta, the department of Public Health, the Pedestrian Safety advisory committee, the bicycle advisory committee, and all of the variation advocate organizations and Community Groups on the guidelines for how the program might be structured and what the process would be for eligibility and the like. So again we look forward to bringing that all to you later this year. Turning to project delivery. Pleased to share, of course, that caltrans has made tremendous progress. Youve seen this in the news. They were able to accelerate this project by three months, during shelterinplace. Took advantage of the lower traffic levels and we do want to appreciate that theyve been able to keep the public well informed. The
At present. I never can tell whether its preston opeskin. Peskin present. Clerk present. Commissioner ronen . Commissioner ronen present. Clerk commissioner safai. Supervisor commissioner stefani . Walton absent. Yee present. We have quorum. Commissioner peskin for you have any announcements . Clerk yes. Public comment will be available for each item on this agenda via telephone by calling 888 2045984. Enter access today 2858465. Not sure if its showing up on the screen. But then follow the system prompts. Once you join, youll be able to listen to the meeting as a participant. When you wish to speak on an item, dial 10 to be added to the queue to speak. Each caller will be allowed two minutes to speak. When your two minutes are up, we will move on to the next caller. Calls will be in the taken in the order in which they are received. Best practices are to speak slowly, and turn down the volume on the speaker. Please allow for a 30second lag time during the course of the meeting. Commis