Money Market Investor Funding Facility

E560325

The Money Market Investor Funding Facility was a crisis-era Federal Reserve program designed to support money market mutual funds and stabilize short-term funding markets by providing liquidity to eligible investors.

All labels observed (2)

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf Federal Reserve emergency lending facility ⓘ
liquidity facility ⓘ
administeredBy Federal Reserve Bank of New York ⓘ
aimedAt improving liquidity in term asset-backed commercial paper markets ⓘ
supporting issuance of bank notes ⓘ
supporting issuance of certificates of deposit ⓘ
supporting issuance of commercial paper ⓘ
announcedBy Board of Governors of the Federal Reserve System ⓘ
announcedOn 2008-10-21 ⓘ
backedBy U.S. Treasury credit protection ⓘ
beneficiaries issuers of short-term funding instruments ⓘ
money market mutual fund investors ⓘ
country United States ⓘ
createdDuring global financial crisis of 2007–2009 ⓘ
createdInResponseTo 2008 money market mutual fund turmoil ⓘ
designedTo help money market mutual funds meet investor redemptions ⓘ
reduce the need for money market mutual funds to sell assets at fire-sale prices ⓘ
eligibleAssets U.S. dollar-denominated asset-backed commercial paper ⓘ
U.S. dollar-denominated bank notes ⓘ
U.S. dollar-denominated certificates of deposit ⓘ
U.S. dollar-denominated commercial paper ⓘ
short-term U.S. dollar-denominated instruments with top-tier ratings ⓘ
eligibleInvestors U.S. money market mutual funds ⓘ
other eligible money market investors ⓘ
fundingSource Federal Reserve Bank of New York loans ⓘ
geographicScope United States money markets ⓘ
introducedBy Federal Reserve in coordination with the U.S. Treasury ⓘ
legalAuthority Section 13(3) of the Federal Reserve Act ⓘ
mechanism FRBNY lent to SPVs that financed purchases of money market instruments ⓘ
monetaryPolicyRole part of Federal Reserve liquidity and credit easing measures in 2008 ⓘ
operator Federal Reserve ⓘ
policyGoal restore confidence in money market mutual funds ⓘ
support the flow of credit to businesses and households via money markets ⓘ
purpose to provide liquidity to U.S. money markets ⓘ
to provide liquidity to eligible money market investors ⓘ
to stabilize short-term funding markets ⓘ
to support money market mutual funds ⓘ
relatedTo Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility ⓘ
Commercial Paper Funding Facility ⓘ
Primary Dealer Credit Facility ⓘ
riskMitigation SPV assets served as collateral for Federal Reserve loans ⓘ
sectorTargeted money market mutual fund industry ⓘ
short-term funding markets ⓘ
status terminated ⓘ
structure provided funding to special purpose vehicles that purchased eligible assets ⓘ
timePeriod late 2008 financial crisis phase ⓘ
typeOfSupport liquidity backstop to private money market investors ⓘ

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Federal Reserve emergency lending programs → component → Money Market Investor Funding Facility ⓘ
Federal Reserve emergency lending programs → component → Money Market Investor Funding Facility (MMIFF) ⓘ
linked to: Money Market Investor Funding Facility
Commercial Paper Funding Facility → relatedTo → Money Market Investor Funding Facility ⓘ