The Federal Reserve (FR) created the Commercial Paper Funding Facility (CPFF) in the midst of severe disruptions in money markets following the bankruptcy of Le

The Federal Reserve reestablished the Commercial Paper Funding Facility (CPFF 2020) in response to the disruptions in the commercial paper market triggered by t

The commercial paper market experienced considerable strain in the weeks following the bankruptcy of Lehman Brothers on September 15, 2008, leading to liquidity

On September 16, 2008, just a day after Lehman Brothers filed for bankruptcy protection, the Reserve Primary Fund money market mutual fund (MMMF) “broke the b