Market Liquidity Program
Documents from 2020
Extension of Asset Purchase Facility, United Kingdom: HM Treasury: Chancellor of the Exchequer
COVID-19: Commercial Paper Market Strains and Federal Government Support, United States: Congress: Congressional Research Service (CRS)
UPDATED: Federal Reserve: Emergency Lending ( Effective March 27, 2020), United States: Congress: Congressional Research Service (CRS)
Examination of the Main Street Lending Program, United States: Congressional Oversight Commission
The Eighth Report of the Congressional Oversight Commission, United States: Congressional Oversight Commission
The First Report of the Congressional Oversight Commission, United States: Congressional Oversight Commission
The Fourth Report of the Congressional Oversight Commission, United States: Congressional Oversight Commission
The Second Report of the Congressional Oversight Commission, United States: Congressional Oversight Commission
The Seventh Report of the Congressional Oversight Commission, United States: Congressional Oversight Commission
The Sixth Report of the Congressional Oversight Commission, United States: Congressional Oversight Commission
The Third Report of the Congressional Oversight Commission, United States: Congressional Oversight Commission
Exchange Stabilization Fund - Statement of Financial Position, United States: Department of the Treasury
Exchange Stabilization Fund - Statement of Financial Position (As of June 30, 2020), United States: Department of the Treasury
Money Market Mutual Fund Liquidity Facility Credit Support Agreement, United States: Department of the Treasury and Federal Reserve System: Federal Reserve Bank of Boston
Office of Financial Research U.S. Money Market Fund Monitor, United States: Department of the Treasury: Office of Financial Research (OFR)
Regulatory Capital Rule: Money Market Mutual Fund Liquidity Facility, United States: Department of the Treasury: Office of the Comptroller of the Currency (OCC), Federal Reserve System: Board of Governors, and United States: Federal Deposit Insurance Corporation (FDIC)
Regulatory Capital Rule: Temporary Exclusion of U.S. Treasury Securities and Deposits at Federal Reserve Banks from the Supplementary Leverage Ratio for Depository Institutions, United States: Department of the Treasury: Office of the Comptroller of the Currency (OCC), Federal Reserve System: Board of Governors, and United States: Federal Deposit Insurance Corporation (FDIC)
Interim Final Rule: Liquidity Coverage Ratio Rule: Treatment of Certain Emergency Facilities, United States: Federal Deposit Insurance Corporation (FDIC)
FSOC 2020 Annual Report, United States: Financial Stability Oversight Council (FSOC)
Federal Reserve Lending Programs: Use of CARES ACT-Supported Programs Has Been Limited and Flow of Credit Has Generally Improved, United States: Government Accountability Office (GAO)
GAO Report on Liquidity Coverage Ratio Rule: Treatment of Certain Emergency Facilities, United States: Government Accountability Office (GAO)
GAO Report on Regulatory Capital Rule: Money Market Mutual Fund Liquidity Facility, United States: Government Accountability Office (GAO)
Urgent Actions Needed to Better Ensure an Effective Federal Response, United States: Government Accountability Office (GAO)
Order Under Sections 6(c), 12(d)(1)(J), 17(b), 17(d) AND 38(a) of the Investment Company Act of 1940 and Rule 17d-1 Thereunder Granting Exemptions from Specified Provisions of the Investment Company Act and Certain Rules Thereunder, United States: Securities and Exchange Commission (SEC) and Vanessa A. Countryman
Report of the President's Working Group on Financial Markets: Overview of Recent Events and Potential Reform Options for Money Market Funds, United States: The White House: President's Working Group on Financial Markets' (PWG)
Liquidity Coverage Ratio Rule: Treatment of Certain Emergency Facilities, U. S. Department of the Treasury, Federal Reserve System, and United States: Federal Deposit Insurance Corporation (FDIC)
On the maintenance of stability of the financial system and economic security of the country, Vajiralongkorn
Letter from U.S. Department of the Treasury - Response to COC Questions for the Official Hearing Record, Frederick W. Vaughan
Overview of CDOR and the underlying bankers' acceptance market, Harri Vikstedt and Kaetlynd McRae
Commercial Paper Funding Facility, Rosalind Z. Wiggins
Money Market Investor Funding Facility (MMIFF), Rosalind Z. Wiggins
The Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF), Rosalind Z. Wiggins
The Commercial Paper Funding Facility (U.S. GFC), Rosalind Z. Wiggins
The Commercial Paper Funding Funding Facility (U.S. GFC), Rosalind Z. Wiggins
Mnuchin Clarifies that Treasury is Prepared to Lose Money on Fed Programs, Rosalind Z. Wiggins and Greg Feldberg
Swedish corporate bonds during the coronavirus pandemic, Stephan Wollert
Primary Dealer Credit Facility, Karen Yang
Major banks seen to shoulder bulk of bond fund, Yonhap News Agency
S. Korea to create massive bond market stabilization fund, Yonhap News Agency
Government to Expand Scope of Bond Market Stabilization Fund, Yoon Young-sil
Documents from 2019
Cash Transfers Between BEAPFF and HMT, Bank of England/Central Bank of the United Kingdom
Sterling Monetary Framework”., Bank of England/Central Bank of the United Kingdom
Japan: Special Funds-Supplying Operations, Alec Buchholtz
Can Central Banks Boost Corporate Investment? Evidence from the ECB Liquidity Injections, Stine Louise Daetz, Marti G. Subrahmanyam, Dragon Yongjun Tang, and Sarah Qian Wang
Federal Reserve Act, Section 11. Power of Federal Reserve Banks, Federal Reserve System: Board of Governors
Assessment of Liquidity Creation in the Canadian Banking System, Annika Gnann and Sahika Kaya
Taking Stock of the Eurosystem's Asset Purchase Program after the End of Net Asset Purchases, Felix Hammerman, Kieran Leonard, Stefano Nardelli, and Julian von Landesberger
US: Term Securities Lending Facility (TSLF), Manuel Leon Hoyos
Corporate Bond Markets in a Time of Unconventional Monetary Policy, Mats Isaksson, Serdar ‡elik, and G¼l DemirtaÅŸ
Who Participates in Cleared Repo?, Jay Kahn and Luke Olson
The Riksbank's balance sheet and financial independence, David Kjellberg and David Vestin
Large central bank balance sheets and market functioning, Lorie Logan and Ulrich Bindseil
Central Bank Independence: What It Is, What It Isn't – and the Importance of Accountability, Eric Rosengren
Beyond LIBOR: a primer on the new reference rates, Andreas Schrimpf and Vladyslav Sushko
ECB: Covered Bond Purchase Programs I and II, Ariel Smith
Securities Markets Programme, Ariel Smith
Following the Imprint of the ECB's Asset Purchase Programme on Global Bond and Deposit Flows, Avdjiev Stefan, Hyun Song Shin, and Mary Everett
The Riksbank Committee's proposal for a new Riksbank Act, Sveriges Riksbank
Company Profile - Krung Thai Bank Public Company Limited, Thailand: Securities and Exchange Commission (SEC)
Temporary Liquidity Guarantee Program, United States: Federal Deposit Insurance Corporation (FDIC)
Liquidity and Credit Risks in the UK's Financial Crisis: How 'Quantitative Easing' Changed the Relationship, Woon Wong, Iris Biefang-Frisancho Mariscal, and Peter Howells
Documents from 2018
Measures to Ensure Liquidity of the Interbank Market, Austrian Federal Ministry of Finance
Chapter 20: Unconventional Monetary Policies: a Re-appraisal, Claudio Borio and Anna Zabai
The Structure of the Treasury Market: What Are We Learning?, Lael Brainard
Emergency Collateral Upgrades, Mark Carlson and Marco Macchiavelli
Weiss and Others v. ECB, European Union: Courts: European Court of Justice (ECJ)
What Happens When Regulatory Capital Is Marked to Market?, Andreas Fuster and James Vickery
The Macroeconomic Effects of Asset Purchases Revisited, Henning Hesse, Boris Hofmann, and James Michael Weber
How the Fed is Reducing its Balance Sheet - And Why, Laura Hopper
Covered Bonds under Unconventional Monetary Policy, Holger Markmann
Regulatory Reform, Andrew Metrick and June Rhee
Novel Lender of Last Resort Programs, William Nelson, Lorie Logan, and Patrick M. Parkinson
Denmark Excess-Capital Temporary Credit Facility, Keni Sabath
Denmark Loan Bills Temporary Credit Facility, Keni Sabath
The Riksbank's operational frameworks for monetary policy, Peter Sellin
Charting The Financial Crisis: U.S. Strategy and Outcomes, The Brookings Institution and Yale University: School of Management: Yale Program on Financial Stability (YPFS)
ECB Interventions in Distressed Sovereign Debt Markets: The Case of Greek Bonds, Christoph Trebesch and Jeromin Zettelmeyer
Documents from 2017
Quantitative Easing the Independence of the Bank of England, William A. Allen
Can the Provision of Long-Term Liquidity Help to Avoid a Credit Crunch? Evidence from the Eurosystem's LTRO, Philippe Andrade, Christophe Cahn, Henri Fraisse, and Jean-Stèphane Mèsonnier
UK Leverage Ratio: Treatment of Claims on Central Banks, Bank of England/Central Bank of the United Kingdom: Prudential Regulation Authority (PRA)
Collateral Guidelines on Eligible Foreign Bonds, Bank of Japan/Central Bank of Japan
Guidelines on Eligible Collateral, Bank of Japan/Central Bank of Japan
Principal Terms and Conditions for the Purchase of CP with Repurchase Agreements, Bank of Japan/Central Bank of Japan
Financial Markets in Korea (2017), Bank of Korea
Monetary Policy in Korea (Fourth Edition), Bank of Korea
The Life Cycle of Government of Canada Bonds in Core Funding Markets, Narayan Bulusu
The Effect of Central Bank Liquidity Injections on Bank Credit Supply, Luisa Carpinelli and Matteo Crosignani
Base Money, Broad Money and the APP, European Central Bank (ECB)
Federal Reserve Act, Section 13. Powers of Federal Reserve Banks, Federal Reserve System: Board of Governors
Federal Reserve Act, Section 23A. Relations with affiliates, Federal Reserve System: Board of Governors
Federal Reserve Monthly Report on Credit and Liquidity Programs and the Balance Sheet - Archive, Federal Reserve System: Board of Governors
Section 23B. Restrictions on Transactions with Affiliates, Federal Reserve System: Board of Governors
ECB Policies Involving Government Bond Purchases: Impact and Channels, Arvind Krishnamurthy, Stefan Nagel, and Annette Vissing-Jorgensen
Memorandum of Understanding on Resolution Planning and Financial Crisis Management, United Kingdom: Her Majesty's Treasury
Documents from 2016
Comparative Study of Central Bank Quantitative Easing Programs, Gabriel Agostini, Juan P. Garcia, Alvaro Gonzalez, Jingwen Jia, Laura Muller, and Ali Zaidi
Fixed Income Market Liquidity, Bank For International Settlements (BIS) : Committee on the Global Financial System.
Asset Purchase Facility Corporate Bond Purchase Scheme: Eligibility and Sectors, Bank of England/Central Bank of the United Kingdom
Asset Purchase Facility Corporate Bond Purchase Scheme - Market Notice 12 September 2016, Bank of England/Central Bank of the United Kingdom
The Bank of England's Asset Purchase Facility: APF Operating Procedures; Corporate Bond Purchase Scheme; Gilt Purchases (October 3, 2016), Bank of England/Central Bank of the United Kingdom