continued to access the Fed
commercial paper funding facility as
Additionally, the Federal Reserve created the
Commercial Paper Funding Facility to purchase commercial paper from U.S.
To further increase access to funding for businesses in all sectors of the economy, the Federal Reserve announced further details of its
Commercial Paper Funding Facility (CPFF) program, which provides a broad backstop for the commercial paper market (see related story).
It hopes to have the program up and running soon." The new Fed entity will be named the
Commercial Paper Funding Facility (CPFF).
dollar liquidity by foreign central banks), while Tobias Adrian, Karin Kimbrough, and Dina Marchioni consider the
Commercial Paper Funding Facility (CPFF).
These include the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF), the
Commercial Paper Funding Facility (CPFF), the Primary Dealer Credit Facility (PDCF), and the Term Securities Lending Facility (TSLF).
Among these SPVs is the
Commercial Paper Funding Facility (CPFF) created to support activity in the market for the highest-rated (A1/P1) commercial paper.
Sources of AIG losses AIG Financial Products Securities Lending Program Legal Authority for Assistance to AIG Forms of Assistance for AIG Initial Loan Securities Borrowing Facility
Commercial Paper Funding Facility November 10, 2008 Revision of Assistance to AIG Loan Restructuring Direct Capital Injection Purchase of Troubled Assets March 2,, 2009 Revision of Assistance to AIG Who Benefits from Assistance to AIG?
30 of the AMLF, the
Commercial Paper Funding Facility, the Money Market Investor Funding Facility, the Primary Dealer Credit Facility, and the Term Securities Lending Facility, which is established under the joint authority of the Board and the Federal Open Market Committee.
Meanwhile, in another extraordinary move, the Fed announced one day earlier the creation of the
Commercial Paper Funding Facility (CPFF), which will complement the Federal Reserve's existing credit facilities to help provide liquidity to term funding markets.
In light of these strains, the Federal Reserve announced the creation of the
Commercial Paper Funding Facility (CPFF) on October 7, 2008, with the aim of supporting the orderly functioning of the commercial paper market.
The net portfolio holdings of the
Commercial Paper Funding Facility (CPFF) continue to decline, leaving it well off its peak of $351 billion in late January.