Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility

The Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility was a lending facility that provided funding to U.S. depository institutions and bank holding companies to finance their purchases of high-quality asset-backed commercial paper (ABCP) from money market mutual funds under certain conditions. The program was intended to assist money funds that held such paper in meeting demands for redemptions by investors and to foster liquidity in the ABCP market and money markets more generally. The AMLF began operations on September 22, 2008, and was closed on February 1, 2010.

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Last Update: February 05, 2010