{"abstract":"In light of recent disruptions in economic conditions caused by the Coronavirus Disease 2019 and current strains in U.S. financial markets, the Board is issuing an interim final rule that excepts certain loans that are guaranteed under the Small Business Administration's Paycheck Protection Program from the requirements of section 22(h) of the Federal Reserve Act and the corresponding provisions of the Board's Regulation O.","action":"Interim final rule with request for comments.","agencies":[{"raw_name":"FEDERAL RESERVE SYSTEM","name":"Federal Reserve System","id":188,"url":"https://www.federalregister.gov/agencies/federal-reserve-system","json_url":"https://www.federalregister.gov/api/v1/agencies/188","parent_id":null,"slug":"federal-reserve-system"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2020/04/22/2020-08574.html","cfr_references":[{"chapter":null,"citation_url":null,"part":"215","title":12}],"citation":"85 FR 22345","comment_url":null,"comments_close_on":"2020-06-08","correction_of":null,"corrections":[],"dates":"This rule is effective April 22, 2020. Comments on the interim final rule must be received no later than June 8, 2020.","disposition_notes":null,"docket_ids":["Regulation O","Docket No. 1714"],"dockets":[],"document_number":"2020-08574","effective_on":"2020-04-22","end_page":22349,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2020/04/22/2020-08574.xml","html_url":"https://www.federalregister.gov/documents/2020/04/22/2020-08574/loans-to-executive-officers-directors-and-principal-shareholders-of-member-banks","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2020-08574?publication_date=2020-04-22","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2020-04-22/2020-08574/mods.xml","not_received_for_publication":null,"page_length":5,"page_views":{"count":8304,"last_updated":"2026-09-21 12:15:06 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2020-04-22/pdf/2020-08574.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2020-08574.pdf?1587395728","publication_date":"2020-04-22","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2020/04/22/2020-08574.txt","regulation_id_number_info":{},"regulation_id_numbers":[],"regulations_dot_gov_info":{"comments_count":0,"agency_id":"FRS","document_id":"FRS-2020-0125-0001","checked_regulationsdotgov_at":"2023-03-01T07:54:11Z"},"regulations_dot_gov_url":null,"significant":null,"signing_date":null,"start_page":22345,"subtype":null,"title":"Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks","toc_doc":null,"toc_subject":null,"topics":["Credit","Penalties","Reporting and recordkeeping requirements"],"type":"Rule","volume":85}