Glossary

Money Market Mutual Fund Liquidity Facility

An emergency backstop facility established by the Federal Reserve in March 2020 to provide liquidity to financial institutions purchasing assets from prime money market funds.

Source: Money Market Fund Stress in March 2020 and March 2023: Fund Characteristics, Investor Flows, and Implications for SEC Reforms (Academic research) · p.7

Have a question about Money Market Mutual Fund Liquidity Facility? Ask the AI, answers cite the source.