One aspect of the COVID-19 pandemic and its impact on our economy was felt in employment, consumer spending, and corporate capital spending. A level of governmental support came through the Paycheck Protection Program (PPP). This is considered one of the factors affecting the reserve balances. How much was this amount and what was the annual change? Do expect this number to continue? .

1. One aspect of the COVID-19 pandemic and its impact on our economy was felt in
employment, consumer spending, and corporate capital spending. A level of governmental
support came through the Paycheck Protection Program (PPP). This is considered one of
the factors affecting the reserve balances. How much was this amount and what was the
annual change? Do expect this number to continue?