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Commercial Paper Funding Facility |
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Commercial Paper Funding Facility A program implemented by the Federal Reserve System in response to the 2008 financial crisis. The New York Federal Reserve Bank (through a special purpose vehicle) purchased commercial paper from U.S.-based issuers in order to promote liquidity and the availability of credit in the wake of collapse of Lehman Brothers and other investment banks. The Commercial Paper Funding Facility expired in 2010. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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