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Another Update on Money Market Mutual Fund Liquidity Facility

Asset Management ADVocate

Another Update on Money Market Mutual Fund Liquidity Facility

Another day, another expansion of the Money Market Mutual Fund Liquidity Facility (the "Facility") from the Federal Reserve Bank of Boston ("FRBB"). As before, I've updated my original post to conform to the current program. There is now a website with a full set of documents, so I've updated the link to that website. The biggest change is the inclusion of certificates of deposit and variable rate demand obligations as Eligible Collateral. FRBB has also provided FAQs for the Facility.

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The Asset Management ADVocate provides unique analysis and insight into legal developments affecting asset managers in the United States.

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