We have two additional credit facilities – These include Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF) and Money Market Investor Funding Facility (MMIFF). These facilities are targeted at money market funds (MMFs) and helping them meet increasing redemption requests.
Mike Hammill and Andrew Flowers from the Federal Reserve Bank of Atlanta’s Research Department provide an excellent explanation of these credit market instruments. You may read it here.
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