Federal Reserve Announces an Expansion of the Scope and Duration of the Municipal Liquidity Facility

By James Lane and Will Vietti

On April 27, 2020, the Federal Reserve announced an expansion of the scope as well as the duration of the Municipal Liquidity Facility (the MLF). The MLF, which was originally announced on April 9, 2020, as part of the $2.3 trillion loan program, will offer up to $500 billion in lending to states and municipalities to help manage cash flow stresses caused by the COVID-19 pandemic. Please click HERE to see our initial advisory concerning the MLF; this advisory should be read in conjunction therewith.

Read the latest advisory HERE.