    [Public Papers of the Presidents of the United States: George W. Bush (2008, Book II)]
    [September 29, 2008]
    [Page 1259]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Memorandum on Use of the Exchange Stabilization Fund To Support the
    Money Market Mutual Fund Guaranty Facility
    September 29, 2008

    Memorandum for the Secretary of the Treasury

    Subject: Use of the Exchange Stabilization Fund to Support the Money
    Market Mutual Fund Guaranty Facility

        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 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 26,
    2008. This memorandum supersedes the Presidential Memorandum of
    September 19, 2008, entitled, ``Use of the Department of Treasury's
    Exchange Stabilization Fund to Support a Guaranty Facility for Certain
    Money Market Mutual Funds.''

                                                              George W. Bush