Federal Reserve's Commercial Paper Funding Facility High quality books
Federal Reserve's Commercial Paper Funding Facility
By:Tobias Adrian
Published on 2010-06 by DIANE Publishing
The Federal Reserve (FR) created the Commercial Paper Funding Facility (CPFF) in the midst of severe disruptions in money markets following the bankruptcy of Lehman Bros. on Sept. 15, 2008. The CPFF finances the purchase of highly rated unsecured and asset-backed commercial paper from eligible issuers via primary dealers. The facility is a liquidity backstop to U.S. issuers of commercial paper, and its creation was part of a range of policy actions undertaken by the FR to provide liquidity to the financial system. This report documents aspects of the financial crisis relevant to the creation of the CPFF, reviews the operation of the CPFF, discusses use of the facility, and draws conclusions for lender-of-last-resort facilities. Charts and tables.
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Book ID of Federal Reserve's Commercial Paper Funding Facility's Books is u_bLIkPUVdsC, Book which was written byTobias Adrianhave ETAG "iGfWckgQeBE"
Book which was published by DIANE Publishing since 2010-06 have ISBNs, ISBN 13 Code is 9781437929300 and ISBN 10 Code is 1437929303
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