Q&A Begins: Powell takes question about Muni.....>

US: Q&A Begins: Powell takes question about Muni facility thresholds possibly

being too high; says they've expanded access, have 50,000 entities eligible to

borrow, we need to have some lines. Says looking at ways to accommodate more

borrowers under the program.

- Mnuchin asked about $500bln in capital allocated to Tsy: Says have allocated

about half of that, prepared and expect to allocate the rest. Need to see which

facilities need more capital, whether more facilities needed. Depends upon the

credit risk, depends on leverage. Any facility the Fed believes is at risk, we

are willing to put up capital, and ready and willing to take risks and losses on

that capital.

- Says announcement of corporate bond facility unlocked corporate bond markets,

without even using a dollar of taxpayer money.