Money Market Mutual Fund Liquidity Facility (MMLF)

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:

Inquiries by market participants regarding the Money Market Liquidity Facility can be emailed to

The MMLF was established pursuant to authorization of the Board of Governors of the Federal Reserve System, with the approval of the Secretary of the Treasury. The United States Department of the Treasury, using the Exchange Stabilization Fund, is providing credit protection with respect to the MMLF in an amount of $10 billion to the Federal Reserve Bank of Boston. A copy of the credit support agreement can be found at the following link:

Boston Fed Integrity Hotline: 844-978-1252

An integrity hotline has been established for reports of fraud, waste, abuse, misrepresentations, illegal activity or unethical behavior associated with the facilities established by the Federal Reserve and administered by the Federal Reserve Bank of Boston to support the economy and promote the stability of the financial system in response to the COVID-19 pandemic. To make a report, please call 844-978-1252. The Boston Fed Integrity Hotline is administered by a third-party vendor to ensure the anonymity of those who choose to remain anonymous.

Vendor Costs

The reporting linked to below reflects fees approved for payment to the vendor supporting the Boston Federal Reserve Bank in its implementation of the MMLF, an emergency facility authorized by the Board of Governors of the Federal Reserve System and approved by the Secretary of the Treasury in response to the Covid-19 global pandemic and related economic challenges.

Quarterly Report as of March 31, 2021


Federal Reserve Board of Governors