Tap into the Federal Reserve’s Municipal Liquidity Facility, if eligible
The Federal Reserve established the Municipal Liquidity Facility to help state and local governments better manage cash flow pressures in order to continue to serve households and businesses in their communities. The facility will purchase up to $500 billion of short term notes directly from U.S. states (including the District of Columbia), U.S. counties with a population of at least 500,000 residents, and U.S. cities with a population of at least 250,000 residents. Eligible state-level issuers
may use the proceeds to support additional counties and cities.
Some questions to guide your thinking
- If the city does not qualify, could partnership with the state be pursued?
Considering the Federal Reserve’s Municipal Liquidity Facility program