U.S. Fed approves extension of four emergency COVID-19 lending facilities through March

WASHINGTON, Nov. 30 (Xinhua) -- The U.S. Federal Reserve Board on Monday approved the extension of four of its emergency COVID-19 lending facilities until March 31, 2021.

"The extension, which has also been approved by the Treasury Department, will facilitate planning by potential facility participants and provide certainty that the facilities will continue to be available through the first quarter of 2021 to help the economy recover from the COVID-19 pandemic," the Fed said in a statement.