Money Market Investor Funding Facility
The Money Market Investor Funding Facility (MMIFF) was designed to provide liquidity to U.S. money market investors. Under the MMIFF, the Federal Reserve Bank of New York could provide senior secured funding to a series of special purpose vehicles to facilitate an industry-supported private-sector initiative to finance the purchase of eligible assets from eligible investors. The MMIFF was announced on October 21, 2008, and expired on October 30, 2009.
Related Press Releases
- Federal Reserve announces extension through October 30, 2009, of its existing liquidity programs that were scheduled to expire on April 30, 2009 (February 3, 2009)
- Federal Reserve announces changes to Money Market Investor Funding Facility (MMIFF) (January 7, 2009)
- Federal Reserve announces the creation of the Money Market Investor Funding Facility (MMIFF) (October 21, 2008)