Exchange Stabilization Fund definition
Examples of Exchange Stabilization Fund in a sentence
Following the execution of the May 29 Agreement, the Preferred Equity Member transferred the UST Contribution Amount in cash, and no other property, from the Exchange Stabilization Fund to the Preferred Equity Account as a contribution to the capital of the Company.
The Preferred Equity Member shall, no later than April 13, 2020, contribute $10 billion in cash from the Exchange Stabilization Fund, and no other property, to the capital of the Company.
The Preferred Equity Member shall, no later than June 16, 2020, contribute $10 billion (Ten Billion Dollars) in cash from the Exchange Stabilization Fund, and no other property, to the capital of the Company.
The Secretary of the Treasury is author- ized to issue to the Federal Reserve banks, and such banks shall purchase, Special Drawing Right certificates in such form and in such de- nominations as he may determine, against any Special Drawing Rights held to the credit of the Exchange Stabilization Fund.
Following the execution of the June 16 Agreement, the Preferred Equity Member transferred the UST Contribution Amount in cash, and no other property, from the Exchange Stabilization Fund to the Preferred Equity Account as a contribution to the capital of the Company.
The Preferred Equity Member shall (i) on the First Tranche Date, contribute $37.5 billion (Thirty-Seven Billion Five Hundred Million Dollars) in cash from the Exchange Stabilization Fund, and no other property, to the capital of the Company and (ii) on the Second Tranche Date, contribute an additional $37.5 billion (Thirty-Seven Billion Five Hundred Million Dollars) in cash from the Exchange Stabilization Fund, and no other property, to the capital of the Company.
The proceeds result- ing from the issuance of Special Drawing Right certificates shall be covered into the Exchange Stabilization Fund.
Special Drawing Rights allocated to the United States pursuant to article XVIII of the Articles of Agreement of the Fund, and Special Drawing Rights otherwise acquired by the United States, shall be credited to the account of, and administered as part of, the Exchange Stabilization Fund established by section 5302 of title 31.
Following the execution of the May 11 Agreement, the Preferred Equity Member transferred the UST Contribution Amount in cash, and no other property, from the Exchange Stabilization Fund to the Preferred Equity Account as a contribution to the capital of the Company.
Subject to the provisions of Section 1.4 below with respect to the Transferred MMLF Fund, unless otherwise agreed in writing between Treasury and the Reserve Bank, Treasury shall maintain the untransferred portion of the MMLF Fund in the Exchange Stabilization Fund to ensure that the MMLF Fund shall be available to satisfy Treasury’s obligations under, and in accordance with the terms of, this Agreement.