In a letter last week, the government listed conditions that Harvard must meet to receive federal money, including a ban on protesters wearing masks.

Harvard University will issue $750 million in taxable bonds this month, bringing the total offering this fiscal year to $1.2 billion, as the University faces a turbulent economy and waits to learn whether the Trump administration will shut off its federal funding tap.

Harvard faces potential losses of as much as $9 billion in grants and contracts unless it complies with a list of federal demands.