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Comment Letters May Have Helped Shape Federal Reserve's Municipal Liquidity Facility (MLF) and Main Street Lending Program (MSLP)

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Abstract

YPFS Archive Notes highlight noteworthy content or additions to the YPFS Resource Library. In support of the YPFS efforts to archive primary and secondary materials that shed light on financial crises, this YPFS Archive Note highlights the addition of public comment letters solicited by the Federal Reserve to evaluate two of its proposed emergency lending facilities, the Municipal Liquidity Facility (MLF) and the Main Street Lending Program (MSLP) designed to help the US economy endure the financial stresses caused by the coronavirus pandemic. The released correspondence reflects a wide array of congressional and stakeholder concerns. Ultimately, the Fed incorporated some of the changes and additions requested in these comment letters into the respective facilities.: The YPFS thanks Mr. Cezary Podkul of the Wall Street Journal for sharing these documents with us.:

Suggested Citation

  • Kelly, Steven, 2021. "Comment Letters May Have Helped Shape Federal Reserve's Municipal Liquidity Facility (MLF) and Main Street Lending Program (MSLP)," Journal of Financial Crises, Yale Program on Financial Stability (YPFS), vol. 3(2), pages 772-775, April.
    • Handle: RePEc:ysm:ypfsfc:323232
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    File URL: https://elischolar.library.yale.edu/cgi/viewcontent.cgi?article=1194&context=journal-of-financial-crises
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    More about this item

    Keywords

    Emergency lending; Municipal Liquidity Facility; Main Street Lending Program; Freedom of Information Act (FOIA); CARES Act;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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