Q&A continues: - Q: PPP has had logistical......>

FED: Q&A continues:

- Q: PPP has had logistical problems, what lessons for Main Street lending. Also

you mentioned about federal debt being unsustainable, should that be a concern

for Congress.

A: Main Street different from PPP: 1) these are not grants, these are loans, and

demand may not be as strong as for the PPP. 2) We won't run out of money. It's

not a limited pot. Fiscal concern I have long been an advocate for the US to a

sustainable path. This is not the time to act on those concerns in my personal

view.

- Q: How important is a vaccine to clearing uncertainty, raising rates etc. And

when does Main Street facility come online?

A: We are not in a position to make a reliable assessment re vaccine/drug. We

will provide the support we can with the tools we have. RE Main Street, we are

very close to announcing a new term sheet which will then become operative

quickly. My guess is that we will keep adding products/borrowers over time.