A lending program created by the Federal Reserve Board on September 19, 2008, that will provide new funding to U.S. financial institutions until October 30, 2009. The Asset-Backed Commercial Paper Money Market Fund Liquidity Facility provides funding that allows financial institutions to purchase asset-backed commercial paper from money market mutual funds to prevent default on investors' redemptions.
|||The acronym AMLF is generated by taking the first letters from the first two acronyms ABCP and MMMF . The letters "AM" are then combined with the acronym for liquidity facility, "LF".
