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JPMorgan, BNP Among Firms That Used Fed Pandemic Dealer Facility

March 31, 2022, 7:45 PM

JPMorgan Chase & Co. and BNP Paribas SA were among the dealers in Treasury securities who borrowed from an emergency lending facility launched by the Federal Reserve in 2020 as the pandemic swept the U.S., causing a panic in financial markets.

The names of a range of firms were released Thursday by the Fed to meet legal disclosure requirements about credit extended under its Primary Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility and the Commercial Paper Funding Facility.

The facilities were key parts of the sprawling rescue launched by Chair Jerome Powell during March 2020, as the Fed ...