Asset-Backed Commercial Paper Money Market Fund (ABCP MMMF) Liquidity Facility ("AMLF") (Fed)

Asset-Backed Commercial Paper Money Market Fund (ABCP MMMF) Liquidity Facility (“AMLF”) (Fed)

Under the AMLF, the Federal Reserve made below-market loans to banks and bank holding companies to purchase corporate debt from money market funds in order to ensure the funds had necessary liquidity.

Funding agency and aid type
The funding agency was the Federal Reserve.

Below-market loans to finance purchases of corporate debt.

Who benefits
Banks and mutual fund firms.

Related SourceWatch articles

 * SIGTARP Quarterly Report to Congress July 21, 2009
 * Troubled Asset Relief Program

External resources

 * Federal Reserve homepage: http://www.federalreserve.gov/monetarypolicy/abcpmmmf.htm
 * FRBSTL accounting: http://www.research.stlouisfed.org/fred2/series/WABCMMF