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 MMLF@bos.frb.org
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: