The LIBOR Phase-Out: What Borrowers Should Know Now
The London Interbank Offered Rate (“LIBOR”) is a benchmark interest rate index used in setting the interest rate for many… Read More
The Consolidated Appropriations Act, 2021 – Direct Aid to Education, Healthcare and Other Sectors May Indirectly Benefit State and Local Governments
The Consolidated Appropriations Act, 2021 (the “Act”) supplements the Coronavirus Aid, Relief, and Economic Security Act of 2020 (the “CARES… Read More
Federal Reserve Announces Opening of the Nonprofit Organization New Loan Facility and Nonprofit Organization Expanded Loan Facility
On September 4, 2020, the Federal Reserve Bank of Boston (the “Reserve Bank”) announced that the Main Street Lending Program’s… Read More
Federal Reserve Releases Amended Form Documents for Its Main Street Lending Program to Accommodate Nonprofit Lending Facilities
On July 31, 2020, the Federal Reserve Bank of Boston (the “Reserve Bank”) released amended form documents and certifications (the… Read More
End-of-Summer Sale: Federal Reserve Lowers Pricing for the Municipal Liquidity Facility
The Board of Governors of the Federal Reserve System (the “Federal Reserve”), through the Federal Reserve Bank of New York,… Read More
Federal Reserve Releases FAQs for Nonprofit Lending Facilities under Main Street Lending Program
On July 23, 2020, the Board of Governors of the Federal Reserve System (the “Federal Reserve”) released Frequently Asked Questions… Read More
Federal Reserve Approves Nonprofit Organizations for Main Street Lending Program and Releases Updated Term Sheets
On June 15, 2020, the Board of Governors of the Federal Reserve System (the “Federal Reserve”) proposed the expansion of… Read More
Federal Reserve Considers Expanding the Main Street Lending Program to Accommodate Nonprofit Organizations – Comments Welcome
The Board of Governors of the Federal Reserve System (the “Federal Reserve”) is seeking public comment on a proposal to… Read More
Federal Reserve Opens Municipal Liquidity Facility and Releases Transaction Documents
The Board of Governors of the Federal Reserve System (the “Federal Reserve”), through the Federal Reserve Bank of New York… Read More
Federal Reserve Opens Municipal Liquidity Facility with Release of Notice of Interest
The Board of Governors of the Federal Reserve System (the “Federal Reserve”), through the Federal Reserve Bank of New York… Read More
