Fed posts fee schedule for Municipal Liquidity Facility

Fed posts fee schedule for Municipal Liquidity Facility

© Reuters. FILE PHOTO: People walk wearing masks outside The Federal Reserve Bank of New York in New York

(Reuters) – The New York Federal Reserve Bank on Thursday posted a schedule of fees to be paid to BLX LLC, the administrative agent for its Municipal Liquidity Facility, the $500 billion borrowing program for states and local governments hurt by the coronavirus outbreak.

The schedule can be found on page 32 of the administrative agent services agreement https://www.newyorkfed.org/medialibrary/media/markets/mlf/MLF-administrative-agent-services-agreement. Other details for the program can be found here https://www.newyorkfed.org/markets/municipal-liquidity-facility.

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