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Posted in COVID-19 Federal Reserve Investment Banking Issuers

Federal Reserve Releases “Notice of Interest” for Municipal Liquidity Facility Borrowers

May 15, 2020 – The Federal Reserve Bank of New York (“FRNY”) has released a Notice of Interest (NOI) for eligible…

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Posted in COVID-19 Federal Reserve Issuers

Fed Municipal Liquidity Facility (MLF) Pricing Revealed. Likely To Provide Life Line for COVID19-Impacted Municipalities.

May 11, 2020 – The Federal Reserve released pricing (see schedule below) for its Municipal Liquidity Facility (MLF) program today….

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Posted in Budgets Congress COVID-19 Federal Reserve Issuers

Eager to Avoid PPP Controversies, the Fed Is Requiring Municipal Borrowers To Certify Loss of Market Access

April 27, 2020 – After markets closed, the Federal Reserve announced an expansion of the Municipal Liquidity Facility (MLF). Specifically,…