|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||Details|
|United States||05||05 - Health and income support||USD||1,740,042,000,000||1,740,042,000,000||US Treasury; fiscal.treasury.gov/files/reports-statements/mts/current.html (accessed 26 June 2020).||
As of end of July, combined government deficits for March/April/May/June/July were USD2,182.828 billion - This figure includes automatic stabilizer effects from declining tax revenues and therefore is not equivalent to the package announced and entered for Measure 05. It also includes loans made through the Paycheck Protection Program that mostly will be cancelled (but not entirely) shown in Measure 02C. [update]
|United States||05A||05A - Health support||USD||641,742,000,000||641,742,000,000||US Treasury; fiscal.treasury.gov/files/reports-statements/mts/current.html (accessed 26 June 2020). Bloomberg. https://www.bloomberg.com/news/articles/2020-03-25/what-s-in-congress-2-trillion-coronavirus-stimulus-package; US Congress. https://www.congress.gov/116/plaws/publ123/PLAW-116publ123.pdf; US Congress. https://www.congress.gov/bill/116th-congress/house-bill/6201/text (all accessed 16 April 2020).||
(i) The Coronavirus Preparedness and Response Supplemental Appropriations Act (CPRSAA) provides a total of USD7.767 billion in support of the following: (a) USD61 million salaries and expenses to prevent, prepare, and respond to coronavirus domestically and internationally; (b) USD20 million for expenses to carry out the disaster loan program; (c) USD2.2 billion support to the Center for Disease Control and Prevention; (d) USD836 million for the National Institute of Allergy and Infectious Diseases; (e) USD3.4 billion for Public Health and Social Services Emergency Fund; (f) USD1.25 billion for international disaster assistance; (ii) The Families First Coronavirus Response Act (FFCRA) provides USD187.675 billion for nutrition, public health, medical leave; (iii) The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides USD346.3 billion for healthcare services provider relief, disaster relief, veterans' healthcare and testing, relief to state/local/tribal/territorial governments, and research for vaccines and the Strategic National Stockpile; (iv) the PPPHCEA provides USD100 billion for additional healthcare services provider relief and the Public Health and Social Services Emergency Fund.
|United States||05B||05B - Income support||USD||1,098,300,000,000||1,098,300,000,000||US Treasury; fiscal.treasury.gov/files/reports-statements/mts/current.html (accessed 26 June 2020). Bloomberg. https://www.bloomberg.com/news/articles/2020-03-25/what-s-in-congress-2-trillion-coronavirus-stimulus-package; US Congress. https://www.congress.gov/116/plaws/publ123/PLAW-116publ123.pdf; US Congress. https://www.congress.gov/bill/116th-congress/house-bill/6201/text (all accessed 16 April 2020). Treasury https://home.treasury.gov/news/press-releases/sm998 (accessed 6 May 2020). US Treasury https://home.treasury.gov/news/press-releases/sm1110 (accessed September 2). Whitehouse https://www.whitehouse.gov/presidential-actions/memorandum-authorizing-needs-assistance-program-major-disaster-declarations-related-coronavirus-disease-2019/ (accessed 25 September 2020)||
(i) The CARES Act provides USD996.8 billion for Economic Impact Payments to households, increased unemployment insurance, tax credits for losses and delayed tax payments for businesses, employee retention tax credits, debt relief for student loans, debt relief for SBA loans, grants for SBA emergency loan program advances, assistance for airports and transit systems, Aid to Families with Dependent Children, additional Medicare expenses, the Post Office, assistance for aviation workers, higher education grants; (ii) The PPPHCEA provides USD12.1 billion for SBA employee salaries and additional SBA emergency loan program advances; (iii) The FFCRA provides USD6.9 billion for unemployment insurance and Medicaid expansion; (iv) June 26, as noted in 2C above, as of May 31 about USD38.5 billion in PPP loans had been canceled; (v) No amount/estimate; August 28, The US Treasury Department and Internal Revenue Service (IRS) released guidance allowing employers to defer withholding and paying the employee's portion of the Social Security payroll tax if the employee's wages are below a certain amount; (vi) August 8, President Trump's executive order made USD44 billion available for disaster relief, unemployment insurance, continuation of student loan deferrals, etc. [update]
|United States||09||09 - International Assistance Provided||USD||941,930,400,000||941,930,400,000|
|United States||09A||09A - Swaps||USD||940,930,400,000||940,930,400,000||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19; Federal Bank of New York. https://apps.newyorkfed.org/markets/autorates/fxswap (both accessed 16 April 2020). FED. https://www.federalreserve.gov/newsevents/pressreleases/monetary20200331a.htm, Bank Indonesia. https://www.bi.go.id/en/ruang-media/info-terbaru/Pages/Perkembangan-Terkini-Perekonomian-dan-Langkah-BI-dalam-Hadapi-COVID-19-07042020.aspx, Hong Kong Monetary Authority. https://www.hkma.gov.hk/eng/news-and-media/press-releases/2020/04/20200422-4/ (all accessed 15 June 2020). Federal Reserve https://www.federalreserve.gov/newsevents/pressreleases/monetary20200729b.htm (accessed 31 July 2020)||
(i) March 19, The New York Fed entered into temporary US dollar liquidity arrangements (swap lines) with banks. These new facilities will support the provision of US dollar liquidity in amounts up to USD60 billion each for the Reserve Bank of Australia, the Banco Central do Brasil, the Bank of Korea, the Banco de Mexico, the Monetary Authority of Singapore, and the Sveriges Riksbank and USD30 billion each for the Danmarks Nationalbank, the Norges Bank, and the Reserve Bank of New Zealand. The following have unlimited swap lines with the New York Fed: European Central Bank, Bank of England, Bank of Canada, Bank of Japan, and Swiss National Bank. These US dollar liquidity arrangements will be in place for at least 6 months; total entered USD combines the credit limits for the first 9 central banks and the peak outstanding for those without limits, which sums to USD869.9304 billion (this is net of USD44 million in swaps outstanding on February 26); as of October 1, peak central bank swaps outstanding were USD448.946 billion on May 27, and the current amount outstanding on October 1 is USD15.8383 billion; the sum peak amounts outstanding using the peak date for each swap line individually was USD467.1954 billion [update] (ii) March 31, the Federal Reserve established a temporary repo facility for foreign and international monetary authorities (FIMA Repo Facility) to obtain credit from the Federal Reserve collateralized with US Treasury securities; on April 7, Bank Indonesia was given a USD60 billion FIMA Repo Facility line of credit; on April 22, the Hong Kong Monetary Authority obtained a USD10 billion FIMA Repo Facility line of credit; June 16, Sri Lanka's central bank was given a USD1 billion FIMA Repo Facility line of credit; (iii) No amount/estimate: July 29, the Fed announced extension of all temporary swap lines and FIMA repo facilities through March 31, 2021;
|United States||09B||09B - International loans/grants||USD||1,000,000,000||1,000,000,000||US Department of State; state.gov/additional-u-s-foreign-assistance-builds-upon-u-s-leadership-in-the-global-covid-19-response/ (accessed 26 June 2020).||
(i) As of May 6, total assistance for global health, humanitarian aid, and economic assistance to more than 120 countries worldwide to combat COVID-19 is over USD900 million; (ii) No amount/estimate: August 22, The US Department of Labor approved the RMI’s Implementation Plan further to the RMI’s eligibility for the Pandemic Unemployment Assistance (PUA) under the CARES Act. PUA benefits are payable up to 39 weeks. (iii) No amount/estimate: September 5, the U.S. Secretary of Transportation has announced that they will award more than USD1.2 billion in airport safety and infrastructure grants through the Federal Aviation Administration (FAA) to 405 airports in 50 states and the Federated States of Micronesia, the Marshall Islands, the Northern Mariana Islands, Puerto Rico, Palau, and the U.S. Virgin Islands. The Administration sees this move as especially important as economies recover from the COVID-19 pandemic; (iv) September 1, The US Department of Labor announced USD100 million in funding to support state efforts to combat fraud and recover improper payments in the Unemployment Insurance (UI) program, including those programs created under the Coronavirus Aid, Relief and Economic Security (CARES) Act.
|United States||11||11 - Other Economic Measures||USD||WTO. https://www.wto.org/english/tratop_e/covid19_e/covid19_e.htm#faq (accessed 11 April 2020); The White House. https://www.whitehouse.gov/presidential-actions/executive-order-prioritizing-allocating-health-medical-resources-respond-spread-covid-19/ (accessed 18 April 2020). NPR. https://www.npr.org/sections/coronavirus-live-updates/2020/04/29/847468328/tip-of-the-iceberg-economy-likely-shrank-but-worst-to-come (accessed 29 April 2020). FT. https://www.ft.com/content/ff49e13e-5f04-4443-9248-caaa3cd38443 (accessed 7 May 2020). FT https://www.ft.com/content/2a297508-c8d0-4736-8c2f-9f4d16822f57 (accessed 8 May 2020).FT https://www.ft.com/content/0b582c93-2bec-46db-a6e3-e5026b3faeb0 (accessed 14 May 2020). CNN. https://www.cnn.com/2020/05/15/economy/retail-sales-record-drop-april/index.html (accessed 15 May 2020).||
US President Donald J. Trump has already declared himself a “war-time” president and invoked war production powers to combat the COVID-19 crisis. (i) Temporary exclusion of certain products from the additional duty of 25% on a list of products (imposed on September 1, 2019). Published on March 20, but effective retroactively from September 1 2019; (ii) Presidential Memoranda allocating to domestic use certain personal protective equipment (e.g., N-95 filtering facepiece respirators; other filtering facepiece respirators; elastomeric, air-purifying respirators and appropriate particulate filters/cartridges; PPE surgical masks; and PPE gloves or surgical glove), due to the COVID-19 pandemic; (iii) No amount/estimate: July 1, 5 federal financial regulatory agencies announced an extension of the swap margin rule compliance dates, allowing an additional year for swap dealers, major swap participants, security-based swap dealers, and major security-based swap participants to implement the initial margin requirements for certain smaller counterparties.