Munis

Wall Street Pioneer on the Economy, Leadership and DE&I

01/06/21

If you haven't met Suzanne Shank you should. She is the chair and CEO of Siebert Brandford Shank & Co. LLC, the nation’s largest female-and minority-owned, privately held finance firm, which she started with the legendary Muriel Siebert. Join us in an intimate conversation and hear her perspective on some of the most critical issues of the day.

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Congress splits along party lines over move to end Fed facilities

11/20/20

Democrats called the decision by Treasury Secretary Steve Mnuchin "misguided," arguing that it's too soon to shutter the Federal Reserve's emergency-lending programs. Republicans say the programs have run their course and should expire a the end of the year.

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How a tweak to the Federal Home Loan banks could save cities

09/16/20

Congress should pass legislation that would allow Home Loan banks to backstop deposits by local governments at commercial banks and lower the cost of bond financing, two mayors argue.

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Fed urged to widen eligibility for pandemic loan programs

06/02/20

Members of both parties raised concerns that the requirements for participating in the Municipal Liquidity Facility and Main Street Lending Program are too restrictive to benefit smaller localities and certain midsize firms.

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Cheat sheet: 8 ways Fed is using emergency powers to counter pandemic

05/04/20

The central bank’s programs announced since mid-April in response to the coronavirus outbreak match if not exceed the actions it took during the 2007-9 financial crisis.

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Fed opens Municipal Liquidity Facility to smaller cities and counties

04/27/20

The central bank expanded the reach of the program as pressure mounts on the government to support localities struggling economically because of the coronavirus pandemic.

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5 more moves the Fed is making to prop up the economy

04/09/20

Midsize businesses and state and local governments are among the beneficiaries of the central bank's latest $2 trillion effort to mitigate the economic damage caused by the coronavirus pandemic.

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Fed expands use of credit facilities to offer additional $2.3 trillion in loans

04/09/20

The Fed's actions are designed to ensure the flow of credit to midsize businesses and state and local governments hit hard by the economic impact of the coronavirus pandemic.

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Fed expands reach of new credit facility to muni bond market

03/20/20

The central bank said its program to support money market mutual funds will also serve as a backstop for state and local governments.

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California quietly lifts ban on doing business with Wells Fargo

04/03/19

Even before Tim Sloan stepped down as the chief executive officer of scandal-stung Wells Fargo, the bank had already gotten back into the good graces of the biggest U.S. state.

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