Browsing: Municipal finance

Economy

In its most sweeping move yet to prop up the U.S. economy amid the coronavirus pandemic and public health response, the Federal Reserve this morning unveiled several new facilities to support the flow of up to $300 billion in financing to households and businesses and committed to quantitative easing “in amounts needed” to support market functioning.

Economy

The American Bankers Association yesterday wrote to the Federal Reserve, FDIC and OCC in support of an interim final rule the agencies issued recently implementing an ABA-advocated provision of S. 2155 that expands the pool of what counts as high-quality liquid assets under the Liquidity Coverage Ratio.

Newsbytes

In comments filed with the Municipal Securities Rulemaking Board this week, ABA welcomed the MSRB’s acknowledgement of ABA concerns about its Rule G-34(a) amendment and reiterated the need for specific regulatory language.

Newsbytes

ABA today commented on the Municipal Securities Rulemaking Board’s Rule 34-G proposal to require muni dealers to obtain CUSIP numbers for new issue securities sold in private placement transactions.

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