On May 18, 2020, the Federal Reserve Bank of New York (the “Reserve Bank”) released application materials for the Municipal Liquidity Facility (the “Facility”) established in connection with the Coronavirus Aid, Relief, and...more
On April 27, 2020, the Federal Reserve Board released a revised term sheet (the “Term Sheet”) for the Municipal Liquidity Facility (the “Facility”) established in connection with the Coronavirus Aid, Relief, and Economic...more
On April 9, 2020, the Federal Reserve Board announced the creation of a new Municipal Liquidity Facility (the “Facility”) to purchase up to $500 billion of short-term municipal debt as part of the Coronavirus Aid, Relief, and...more