Money Market Mutual Fund Liquidity Facility

The Federal Reserve established the Money Market Mutual Fund Liquidity Facility, or MMLF, on March 18, 2020, to broaden its program of support for the flow of credit to households and businesses. The Federal Reserve Bank of Boston made loans available to eligible financial institutions secured by high-quality assets purchased by the financial institution from money market mutual funds. Money market funds are common investment tools for families, businesses, and a range of companies. The MMLF assisted money market funds in meeting demands for redemptions by households and other investors, enhancing overall market functioning and credit provision to the broader economy. The MMLF ceased extending credit on March 31, 2021.

Reports to Congress


2020 Reports

Related Press Releases

*On March 23, 2020, the MMLF collateral spreadsheet was updated to (1) add two MMMF identifiers; and (2) explicitly provide that an individual authorized pursuant to the Borrower's board resolution is requesting an advance in accordance with the MMLF terms and conditions.”

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Last Update: June 11, 2021