The Federal Reserve established the Money Market Mutual Fund Liquidity Facility
The Federal Reserve Bank regulatory announced, they are supporting the flow of credit to the economy, the final rule is to ensure that financial institutions well be able to enhance the liquidity and functioning of its crucial state and municipal money markets. The Federal Reverse Board launched Money Market Mutual Fund Liquidity Facility, or MMLF and will now be able to make loans available to eligible financial institutions. The final rule of eligible for financial institutions will receive credit are offered certain high-quality assets purchased from single state and other tax-exempt Municipal Money Market Mutual Funds.
Below you will find the attached term sheet with details on the MMLF program eligibility.
- Posted by Justin Hill
- On Wednesday April 1st, 2020
- 0 Comments