    [Public Papers of the Presidents of the United States: George W. Bush (2008, Book II)]
    [September 19, 2008]
    [Page 1217]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Memorandum on Use of the Department of the Treasury's Exchange
    Stabilization Fund To Support a Guaranty Facility for Certain Money
    Market Mutual Funds
    September 19, 2008

    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.