A Network of the National Association of State Treasurers


COVID and Municipal Bonds

The COVID-19 pandemic continues to pose both unprecedented public health and financial challenges for state governments. As state finance officials, debt managers and staff play a pivotal role in navigating states through this crisis.

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Latest Policy Update

London skyline.

Policy Update

Key Agencies Issue Statement Urging Transition from LIBOR

This morning, the Federal Reserve Board of Governors, Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) released a statement encouraging banks to cease...
The Treasury Department outside of building

Policy Update

Treasury OIG Publishes Updated FAQs on CRF

The U.S. Treasury Office of Inspector General (OIG) released updated FAQs relating to the administration and management of Coronavirus Relief Fund (CRF) proceeds. The document sent to prime recipients was updated...
Federal Reserve Bank building in Washington, D.C.

Policy Update

Mnuchin Signals End of Municipal Liquidity Facility

Today, Treasury Secretary Mnuchin sent a letter to Federal Reserve Chairman Powell requesting that unused Exchange Stabilization Fund (ESF) money from the CARES Act be returned to the U.S. Treasury...

Latest Webinar


Navigating the Current Recession

Experts and colleagues will discuss how states are using reserves and other budget adjustments to navigate through the current recession. A rating agency representative will discuss tax revenue volatility, how...


MSRB Roundtable and Town Hall Meeting

Maintaining an open dialogue with the MSRB is critically important for issuers and all market participants alike. Join a board member and staff representative from the MSRB for an open...


Evolving Risks What Does it Mean for Your Bond Rating

From climate and pensions, to cybersecurity threats and now the largest global pandemic faced in generations. Rating agencies and investors are continuing to expand the criteria of threats they are...

Latest Partner Resource

Partner Resource

From: Government Finance Officers Association (GFOA)

The Transition Out of LIBOR: What State and Local Governments Should be Discussing with Their Financing Teams

The London Interbank Offered Rate (LIBOR) is a global benchmark interest rate calculated daily, and is the most widely used benchmark in the capital markets. State and local governments often see this...