INVESTMENT MEMORANDUM OF UNDERSTANDING ("MOU")Investment Memorandum of Understanding • March 12th, 2021 • New York
WHEREAS, the Federal Reserve Board, under the authority of Section 13(3) of the Federal Reserve Act, 12 U.S.C. § 343(3), with approval of the Secretary, authorized the Federal Reserve Bank of New York to establish the Primary Market Corporate Credit Facility and the Secondary Market Corporate Credit Facility (the "CCFs") to support the flow of credit to households and businesses to help the nation respond to the COVID-19 emergency.
