New York Fed Releases MMIFF FAQs. The Federal Reserve Bank of New York today released a set of Frequently Asked Questions pertaining to the Money Market Investor Funding Facility (​MMIFF). "​The MMIFF was authorized by the Federal Reserve Board on October 21, 2008 under Section 13(​3) of the Federal Reserve Act to support a private-​sector initiative designed to provide liquidity to U.​S. money market investors," says the NY Fed. For Money Market Investor Funding Facility: Program Terms and Conditions, click here. In other news, see Bloomberg'​s "​Morgan Stanley Propped Up Money-​Market Funds With $​23 Billion", which describes the use of "​stabilization facilities" to fund money fund redemptions. Other such disclosures are certain to follow.

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