[Weekly Compilation of Presidential Documents Volume 44, Number 37 (Monday, September 22, 2008)]
[Page 1230]
[Online from the Government Publishing Office, www.gpo.gov]

<R04>
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.