On April 9, 2020, the Federal Reserve and the Secretary of the Treasury announced, pursuant to Title IV of the Coronavirus Aid, Relief, and Economic Security Act, or “CARES Act” and Section 13(3) of the Federal Reserve Act,...more
On April 9, 2020, the Federal Reserve took additional actions to provide up to $2.3 trillion of loans to support the economy. Among the actions taken, the Fed announced the creation of a new Municipal Liquidity Facility (the...more