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.