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Board Report:  April 14, 2021

Results of Analytical Testing of the Board's Publicly Reported Data for the Main Street Lending Program

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This memorandum documents inaccuracies that we identified in the Board's publicly reported transaction disclosure data for the Main Street Lending Program. Specifically, we identified several inaccurate city and state data points affecting a limited number of published loan transactions for the Main Street Lending Program. We identified these inaccuracies during the survey phase of our ongoing evaluation of third-party cybersecurity risk management processes for vendors supporting the Main Street Lending Program and the Secondary Market Corporate Credit Facility. After informing Board and Federal Reserve System officials of these inaccuracies, they took immediate steps to address them and update the Board's public reporting.

Our final report for this evaluation may include recommendations related to the issues described in this memorandum.