Policy Measures Taken by Governments, as of June 1st (provincial measures not included)

Policy Measures Taken by Governments, as of June 1st (provincial measures not included) Canada US UK Canada - 2008 - ONR lowered by 150 bps - FFR lowered by 150 bps - ONR lowered rate by 65 bps - From July 2007 to April 2009, ONR goes from 4.5 - Minimum daily level of settlement balances percent to 0.25 percent. [...] financial system for as long as warranted Mortgage Bonds - QE: increase holdings of Treasury securities and - Enhance US dollar liquidity swap arrangement - New Term PRA Facility for Private Sectoragency mortgage-backed securities by amount - Cancellation of the Bank's 2020 annual stress test Instruments - Launch Bankers' Acceptance Purchase needed and include purchases of agency commercial and ot. [...] Canadian exporters (administered by EDC) - All employers to receive a temporary 75% wage - Establish a $500B government lending - Coronavirus Business Interruption Loan - Bail-out of Chrysler - wrote off some $3B subsidy (if revenue dropped by 30%) program for distressed companies ( $425B for Scheme 2018/19 - Flexibility in filing taxes the Federal Reserve to leverage for loans to - all employers. [...] Harmonized and to $15B - OSFI provides more flexibility on requirements such as capital buffers and filing deadlines PRA reporting requirements delayed up to 8 - Support to businesses in YK, NWT, and NU weeks and Delay release of annual accounts - Canada Emergency Commercial Assistance - Temporary defer payment of air navigation - Support to SMEs unable to access other support services and support. [...] Support - Postpone payment of mortgages and student loans Interruption Loan Scheme: grant customers to homeless and women/children escaping - $301B in direct payments or tax cuts payment holiday on mortgage of 3 months($1,200 to millions of Americans, including those domestic violence earning up to $75,000, and an additional $500 per - For self employed - 80% of their profits to a - Tax deferrals.