Fed extends municipal liquidity facility beyond largest cities

Fed extends municipal liquidity facility beyond largest cities

The Federal Reserve on Monday extended the scope of its liquidity facility concerning municipal debt to include slightly smaller U.S. counties and cities. The program will now allow counties with a population of at least 500,000 residents and cities with a population of at least 250,000 to be eligible for selling their short-term debt directly […]
Federal Reserve reopens crisis-era primary dealer credit facility

Federal Reserve reopens crisis-era primary dealer credit facility

The Federal Reserve continued its efforts to soften the impact of the coronavirus on the U.S. economy by re-opening its crisis-era primary dealer credit facility to provide short-term loans to banks and broker-dealers. “The facility will allow primary dealers to...