Market Liquidity Programs
Documents from 2022
Reports to Congress Pursuant to Section 13(3) of the Federal Reserve Act in response to COVID-19, Federal Reserve System: Board of Governors
Documents from 2021
A Helping Hand to Main Street Where and When It Was Needed, Falk Br¤uning, Josè L. Fillat, and Christina J. Wang
Designing the Main Street Lending Program: Challenges and Options, William "Bill" English and Nellie Liang
Financial Stability Report (June 2021), Bank of Korea
How Did the MSLP Borrowers Fare Before and During COVID-19?, Christina J. Wang, Joshua Ballance, and Melanie Qing
Motivating Banks to Lend? Credit Spillover Effects of the Main Street Lending Program, Camelia Minoiu, Rebecca Zarutskie, and Andrei Zlate
OIG: Semiannual Report to Congress, Federal Reserve System: Board of Governors: Office of Inspector General and United States: Consumer Financial Protection Bureau (CFPB)
The Economic Outlook – Optimism Despite the Challenges Ahead, Eric Rosengren
The Main Street Lending Program, David Arseneau, Josè L. Fillat, Donald Morgan, Molly Mahar, and Skander Van den Heuvel
Up on Main Street, Donald Morgan and Steph Clampitt
Uptake of the Main Street Lending Program, Falk Br¤uning and Teodora Paligorova
Documents from 2020
12 U.S. Code Sect. 343, U.S. Congress
12 U.S. Code Sect. 347, U.S. Congress
17 C.F.R. Sect. 270.2a-7, United States: Securities and Exchange Commission (SEC)
1970 Commercial Paper Market Liquidity Crisis (U.S. Historical), Kaleb B. Nygaard
A Look at the Fed's Emergency Lending Programs, Christopher J. Neely
Asset Purchase Facility - Market Notices, Bank of England/Central Bank of the United Kingdom
Big Banks Aren't Embracing Fed's Main Street Loan Program, Jeanna Smialek
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average (CPIAUSCL), Federal Reserve System: Federal Reserve Bank of St. Louis
COVID-19: Commercial Paper Market Strains and Federal Government Support, United States: Congress: Congressional Research Service (CRS)
Denmark's Excess-Capital Temporary Credit Facility (Denmark GFC), Keni Sabath
Denmark's Loan Bills Temporary Credit Facility (Denmark GFC), Keni Sabath
ECB decides on measures to address severe tensions in financial markets, European Central Bank (ECB)
Federal bank regulatory agencies modify liquidity coverage ratio for banks participating in Money Market Mutual Fund Liquidity Facility and Paycheck Protection Program Liquidity Facility, Federal Reserve System: Board of Governors
Federal Reserve Board broadens program of support for the flow of credit to households and businesses by establishing a Money Market Mutual Fund Liquidity Facility (MMLF), Federal Reserve System: Board of Governors
Federal Reserve Board expands its program of support for flow of credit to the economy by taking steps to enhance liquidity and functioning of crucial state and municipal money markets, Federal Reserve System: Board of Governors
Fed, facing pressure, commits to disclose monthly who's getting bailouts, Victoria Guida
Fed's Main Street lending program doesn't have many large banks making loans to new customers, Rachel Siegel
Fed, Treasury Disagreements Slowed Start of Main Street Lending Program, Nick Timiraos and Kate Davidson
Financial Statements/Annual Reports, Federal Reserve System: Federal Reserve Bank of New York
Form of Undertaking in Connection with Small Business Administration 7(a) Pool Certificates, Federal Reserve System: Federal Reserve Bank of New York
Gross Domestic Product (GDP), Federal Reserve System: Federal Reserve Bank of St. Louis
Guidance for Accounting Firms in Determining TALF Collateral Eligibility for Non-Mortgage-Backed ABS, Federal Reserve System: Federal Reserve Bank of New York
How Investors Access the TALF, Federal Reserve System: Federal Reserve Bank of New York
Japan's Outright Purchases of Commercial Paper (Japan GFC), Alec Buchholtz
Japan's Special Funds-Supplying Operations (Japan GFC), Alec Buchholtz
Lessons from COVID-19: The Experience of European MMFs in Short-Term Markets, Barbara Novick, Tom Callahan, Joanna Cound, Peter Loehnert, Carey Evans, Matt Clay, Beccy Milchem, and Mike Eberhardt
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)
Market Liquidity Programs: GFC and Before, June Rhee, Greg Feldberg, Ariel Smith, and Andrew Metrick
Market Makers, United States: Securities and Exchange Commission (SEC)
MMLF Certification, Federal Reserve System: Bank Discount Window and Payment Risk
MMLF Letter of Agreement, Federal Reserve System: Bank Discount Window and Payment Risk
Mnuchin Clarifies that Treasury is Prepared to Lose Money on Fed Programs, Rosalind Z. Wiggins and Greg Feldberg
Mnuchin Plans to End Some Emergency Fed Facilities, Jeanna Smialek and Alan Rappeport
Monetary Policy Report - April 2020, Bank of Canada/Central Bank of Canada/La Banque du Canada
Monetary Policy Report - July 2020, Bank of Canada/Central Bank of Canada/La Banque du Canada
Money Market Mutual Fund Liquidity Facility FAQs, Federal Reserve System: Board of Governors
Money Market Mutual Fund Liquidity Facility Term Sheet, Federal Reserve System
Periodic Report: Update on Outstanding Lending Facilities Authorized by the Board under Section 13(3) of the Federal Reserve Act - November 6, 2020, Federal Reserve System: Board of Governors
Quarterly Report on Federal Reserve Balance Sheet Developments, Federal Reserve System: Board of Governors
Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act: Money Market Mutual Fund Liquidity Facility, Federal Reserve System: Board of Governors
Runs and Interventions in the Time of COVID-19: Evidence from Money Funds, Lei Li, Yi Li, Marco Macchiavelli, and Xing (Alex) Zhou
Special Inspector General for Pandemic Recovery: Initial Report to Congress, Office of the Inspector General for Pandemic Recovery
Statute of the ESCB and of the ECB, European Central Bank (ECB)
Term Asset-Backed Securities Loan Facility: Announcements, Federal Reserve System: Federal Reserve Bank of New York
Term Asset-Backed Securities Loan Facility: Non-CMBS, Federal Reserve System: Federal Reserve Bank of New York
Term Securities Lending Facility (TSLF) (U.S. GFC), Manuel Leon Hoyos
The Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF) (U.S. GFC), Rosalind Z. Wiggins
The Commercial Paper Funding Facility (U.S. GFC), 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
The European Central Bank's Covered Bond Purchase Programs I and II (ECB GFC), Ariel Smith
The European Central Bank's Securities Markets Programme (ECB GFC), Ariel Smith
The European Central Bank's Three-Year Long-Term Refinancing Operations (ECB GFC), Aidan Lawson
The Federal Reserve Single-Tranche Term Repurchase Agreements (U.S. GFC), Aidan Lawson
The Money Market Investor Funding Facility (U.S. GFC), Rosalind Z. Wiggins
The Money Market Mutual Fund Liquidity Facility, Marco Cipriani, Gabriele La Spada, Reed Orchinik, and Aaron Plesset
The Primary Dealer Credit Facility (PDCF) (U.S. GFC), Karen Yang
The Public-Private Investment Program: The Legacy Loans Program (U.S. GFC), Ben Henken
The Public-Private Investment Program: The Legacy Securities Program (U.S. GFC), Ben Henken
The Term Asset-Backed Securities Loan Facility (TALF) (U.S. GFC), June Rhee
The Term Asset-Backed Securities Loan Facility (TALF) (U.S. GFC), June Rhee
The United Kingdom's Asset Purchase Program (U.K. GFC), Ariel Smith
The United Kingdom's Commercial Paper Facility (U.K. GFC), Claire Simon
The United Kingdom's Corporate Bond Secondary Market Scheme (U.K. GFC), Claire Simon
The United Kingdom's Secured Commercial Paper Facility (U.K. GFC), Claire Simon
The United Kingdom's Special Liquidity Scheme (SLS) (U.K. GFC), Kaleb B. Nygaard
Treasury's Exchange Stabilization Fund and COVID-19, Marc Labonte, Baird Webel, and Martin A. Weiss
Unemployment Rate (UNRATE), Federal Reserve System: Federal Reserve Bank of St. Louis
UPDATED: Federal Reserve: Emergency Lending ( Effective March 27, 2020), United States: Congress: Congressional Research Service (CRS)
U.S. 'AAAm' Fund Risk Metrics (March 2020), Joseph Giarratano and Marissa Zuccaro
U.S. Credit Markets Interconnectedness and the Effects of the COVID-19 Economic Shock, S.P. Kothari
Documents from 2019
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
Regulation A: Extensions of Credit by Federal Reserve Banks, Federal Reserve System: Board of Governors
Temporary Liquidity Guarantee Program, United States: Federal Deposit Insurance Corporation (FDIC)
Documents from 2018
Covered Bonds under Unconventional Monetary Policy, Holger Markmann
ECB Interventions in Distressed Sovereign Debt Markets: The Case of Greek Bonds, Christoph Trebesch and Jeromin Zettelmeyer
Emergency Collateral Upgrades, Mark Carlson and Marco Macchiavelli
Documents from 2017
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
ECB Policies Involving Government Bond Purchases: Impact and Channels, Arvind Krishnamurthy, Stefan Nagel, and Annette Vissing-Jorgensen
Effectiveness and Transmission of the ECB's Balance Sheet Policies, Jef Boeckx, Maarten Dossche, and Gert Peersman
Federal Reserve Act, Section 13. Powers of Federal Reserve Banks, 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
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
Documents from 2016
Asset Purchase Facility Corporate Bond Purchase Scheme - Market Notice 4 August 2016, Bank of England/Central Bank of the United Kingdom
Asset Purchase Facility - Corporate Bond Secondary MarketScheme (2009-2016), Bank of England/Central Bank of the United Kingdom
Bank of England cuts Bank Rate to 0.25% and introduces a package of measures designed to provide additional monetary stimulus, Bank of England/Central Bank of the United Kingdom and Bank of England/Central Bank of the United Kingdom: Monetary Policy Committee