The Federal Reserve established the Money Market Mutual Fund Liquidity Facility, or MMLF, to broaden its program of support for the flow of credit to households and businesses.

Through the MMLF, 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.

Operational details can be found at the following links:

• Money Market Mutual Fund Liquidity Facility (FAQs, Term Sheet, Form, etc)
• MMLF borrowing documents

Inquiries by market participants regarding the Money Market Liquidity Facility can be emailed to MMLF@bos.frb.org

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.