Fed Issues ABCP-Related Final Rules

02 Feb 2009

The Federal Reserve Board has issued two final rules pertaining to the Asset-Backed Commercial Paper Money Market Fund Facility, which lends funds to banks to finance the purchase of high-quality ABCP from money market mutual funds.

The Federal Reserve Board has issued two final rules pertaining to the Asset-Backed Commercial Paper Money Market Fund Facility, which lends funds to banks to finance the purchase of high-quality ABCP from money market mutual funds. The two rules, which provide limited exceptions to leverage and risk-based capital ...

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