[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