April 27, 2020 / 8:47 PM / a month ago

U.S. Fed extends help to smaller cities and counties

WASHINGTON, April 27 (Reuters) - The Federal Reserve on Monday broadened its help for local governments, offering to buy bonds of up to 3-years duration from counties with as few as 500,000 residents and cities with as few as 250,000 residents.

The initial size limits of 2 million for counties and 1 million for cities had restricted the Fed program to a handful of large local governments - it will now be available to dozens. (Reporting by Howard Schneider Editing by Chris Reese)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below