More Details on $500 Billion Municipal Liquidity Facility

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On April 9, 2020, the U.S. Department of the Treasury announced details on several liquidity facilities funded by the Exchange Stabilization Fund created by the Coronavirus Aid, Relief, and Economic Security Act. On April 27, 2020, the Federal Reserve released a revised term sheet expanding the scope and duration of the Municipal Liquidity Facility (MLF) and issued a FAQ document. This article provides details on the MLF.

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