US Central Bank Increases Liquidity Opportunity

US Central Bank Increases Liquidity Opportunity

The United States Central Bank (Fed) has announced that it has increased the size of the liquidity support for municipalities it has implemented by providing support against the economic losses of the coronavirus epidemic, which affects the world, by reducing the population lower limit.   In a statement issued by the Federal Reserve of the United States, it was reminded that liquidity support for municipalities was implemented within the $ 2.3 trillion-dollar loan facilities reported on April 9 to support the economy. In the declaration reminding that states and local governments have given up to 500 billion dollars with the Municipality Liquidity Facility, it was announced that the said liquidity support has been updated under the conditions for population numbers in order to contribute more to the local government. The Fed's statement stated that within the context of the Municipal Liquidity Facility, 500 billion dollars of support will be provided with the purchase of short-term debt securities issued from the provinces with a population of at least 500 thousand and provinces with a population of at least 250 thousand. In addition to these statements, it was stated that the maturity of debt securities to be purchased was increased from 24 months to 36 months.