Memorandum on Use of the Department of the Treasury's Exchange Stabilization Fund To Support a Guaranty Facility for Certain Money Market Mutual Funds
Memorandum for the Secretary of the Treasury
Subject: Use of the Department of the Treasury's Exchange Stabilization Fund To Support a Guaranty Facility for Certain Money Market Mutual Funds
Pursuant to section 10(b) of the Gold Reserve Act of 1934, as amended, 31 U.S.C. 5302(b), I approve the use of funds from the Exchange Stabilization Fund to provide up to $50 billion as a guaranty facility for certain money market mutual funds, consistent with your recommendation to me and the terms and conditions set out in your memorandum to me dated September 18, 2008.
GEORGE W. BUSH
NOTE: An original was not available for the verification of the content of this memorandum.
George W. Bush, Memorandum on Use of the Department of the Treasury's Exchange Stabilization Fund To Support a Guaranty Facility for Certain Money Market Mutual Funds Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/278851