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Financial Services Law Insights and Observations

Federal Reserve published updates to the Municipal Liquidity Facility term sheet

Federal Issues Covid-19 Federal Reserve

Federal Issues

On May 11, the Federal Reserve Board issued a press release to publish updates to the Municipal Liquidity Facility (MLF) term sheet.   As previously covered by InfoBytes (here and here), the MLF was established to provide liquidity to state and local governments so they could continue to provide services for their citizens.  The Federal Reserve Board also published FAQs regarding the MLF and a Pricing Appendix.

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