Join our mailing list!
(Your shopping cart is empty)
Diane Publishing Books
Federal Reserve’s Commercial Paper Funding Facility
Tobias Adrian (au); Karin Kimbrough (au); Dina Marchioni (au)
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.
For Your Own Good: The Roots of Violence in Child-Rearing
Commonwealth of Science: ANZAAS & the Scientific Enterprise in Australia, 1888-1988
Asia Rising: Why America Will Prosper as Asia’s Economies Boom
U.F.O.s: The Sighting of Alien People & Spacecraft From the Earliest Centuries to the Present Day
Southern World: Trade & Travel Routes
Share your knowledge of this product with other customers...
Be the first to write a review
Diane Publishing Co
PO Box 617
Darby, PA 19023-0617
Become an Affiliate
Send Us Feedback
Copyright ï¿½ 2004 Diane Publishing Company. All Rights Reserved.