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Financial Services Law Insights and Observations

Federal Reserve Board announces revised pricing for its Municipal Liquidity Facility

Federal Issues Covid-19 Federal Reserve FRB Interest Rate Credit Ratings

Federal Issues

On August 11, the Federal Reserve Board announced revised pricing for its Municipal Liquidity Facility. The revised pricing reduces the interest rate spread on tax-exempt notes for each credit rating category by 50 basis points and reduces the amount by which the interest rate for taxable notes is adjusted relative to tax-exempt notes. The MLF, originally covered here, was one of several facilities intended to support the flow of credit in the economy.

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