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Banker Webinar: Loan Forgiveness and Other Matters Relative to the Paycheck Protection Program – Rescheduled

Disaster Relief
September 1, 2020

Summary:

The ౦Ϸ, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the National Credit Union Administration (the agencies), as well as the Conference of State Bank Supervisors will host a webinar for bankers on Thursday, September 3, 2020 from 3:00 p.m. to 4:00 p.m., Eastern Daylight Time to discuss the loan forgiveness process and recent changes in the Paycheck Protection Program (PPP). This session represents the rescheduling of the postponed August 27 th session. The PPP was established by the CARES Act and implemented by the Small Business Administration (SBA) with support from the U.S. Department of the Treasury.

A can be found below.

Statement of Applicability to Institutions with Total Assets Under $1 Billion: This Financial Institution Letter (FIL) applies to all ౦Ϸ-supervised institutions.

Highlights:

  • SBA officials will provide an overview of recent changes to the PPP, including loan forgiveness.
  • This webinar is for financial institutions that have participated in the PPP. Participants are encouraged to email questions in advance to asktheregulators@stls.frb.org .
  • Participants, including those who registered for the August 27, 2020 session, must .
  • To accommodate the participation of as many financial institutions as possible, we ask each institution to register no more than two representatives to attend the live session.
  • Webinar materials will be archived at in the "All Calls" tab and can be accessed a few hours after the webinar ends.
  • Other resources for bankers include:

Distribution:

౦Ϸ-Supervised Institutions

Suggested Routing:

Chief Executive Officer
Chief Financial Officer
Chief Credit Officer
Board of Directors

FIL-87-2020
Attachment(s)
SBA and Treasury Programs Available for Small Business Relief
Interagency Statement on Pandemic Planning
Contact(s)
Beverlea S. Gardner, (202) 898-3640

Last Updated: September 1, 2020