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 will make 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 will assist money market funds in meeting demands for redemptions by households and other investors, enhancing overall market functioning and credit provision to the broader economy.

Market participants with inquiries regarding the Money Market Liquidity Facility can email MMLF@bos.frb.org or call 1-800-322-0580.

Reports to Congress

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: October 08, 2020