Is Illinois An 'Eligible Issuer' For New Fed Lending?

Is Illinois An 'Eligible Issuer' For New Fed Lending?
(Tyler LaRiviere/Chicago Sun-Times via AP)
On April 9, amidst plunging economic conditions, the Federal Reserve announced a set of lending policy initiatives that included a new “Municipal Liquidity Facility”for state and local governments. For legal authority, the Fed cited the emergency lending provisions in section 13(3) of the Federal Reserve Act.  Read Full Article »


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