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  • FED announces an Expansion in the Number and Type of Entities Eligible to Directly use its Municipal Liquidity Facility

    Federal Reserve Board announces an Expansion in the Number and Type of Entities Eligible to Directly use its Municipal Liquidity Facility| site |


    (June 3, 2020) - - Today (June 3, 2020), the Board of Governors of the Federal Reserve System published the following information: The Federal Reserve Board on Wednesday announced an expansion in the number and type of entities eligible to directly use its Municipal Liquidity Facility (MLF). Under the new terms, all U.S. states will be able to have at least two cities or counties eligible to directly issue notes to the MLF regardless of population. Governors of each state will also be able to designate two issuers in their jurisdictions whose revenues are generally derived from operating government activities (such as public transit, airports, toll facilities, and utilities) to be eligible to directly use the facility. In addition to the expanded terms outlined above, the MLF continues to be directly open to U.S. states, th...
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  • Staff Reporter 1
    FED announces an Expansion in the Number and Type of Entities Eligible to Directly use its Municipal Liquidity Facility
    by Staff Reporter 1
    Federal Reserve Board announces an Expansion in the Number and Type of Entities Eligible to Directly use its Municipal Liquidity Facility| site |


    (June 3, 2020) - - Today (June 3, 2020), the Board of Governors of the Federal Reserve System published the following information: The Federal Reserve Board on Wednesday announced an expansion in the number and type of entities eligible to directly use its Municipal Liquidity Facility (MLF). Under the new terms, all U.S. states will be able to have at least two cities or counties eligible to directly issue notes to the MLF regardless of population. Governors of each state will also be able to designate two issuers in their jurisdictions whose revenues are generally derived from operating government activities (such as public transit, airports, toll facilities, and utilities) to be eligible to directly use the facility. In addition to the expanded terms outlined above, the MLF continues to be directly open to U.S. states, th...
    06-05-2020, 02:32 AM

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