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Updated Federal Response to the Coronavirus Pandemic – Establishing the Municipal Liquidity Fund

As a result of tax and other revenue deferrals and other Coronavirus-related stressors affecting state and local governments, the Board of Governors of the Federal Reserve System (the “Federal Reserve”) announced on April 9,...more

Federal Response to the Coronavirus Pandemic Municipal Liquidity Facility

As a result of tax and other revenue deferrals and other Coronavirus-related stressors affecting state and local governments, the Board of Governors of the Federal Reserve System (the “Federal Reserve”) announced on April 9,...more

Managing the Commercial Impact of the Coronavirus: Implications for Commercial Paper Market

As the Coronavirus outbreak continues to develop and persist, issuers of commercial paper have been challenged to access liquidity markets. Market disruption has led to the inability of issuers to access the commercial paper...more

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