Federal Reserve's Commercial Paper Funding Facility

Federal Reserve's Commercial Paper Funding Facility PDF

Author: Tobias Adrian

Publisher: DIANE Publishing

Published: 2010-06

Total Pages: 38

ISBN-13: 1437929303

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The Federal Reserve (FR) created the Commercial Paper Funding Facility (CPFF) in the midst of severe disruptions in money markets following the bankruptcy of Lehman Bros. on Sept. 15, 2008. The CPFF finances the purchase of highly rated unsecured and asset-backed commercial paper from eligible issuers via primary dealers. The facility is a liquidity backstop to U.S. issuers of commercial paper, and its creation was part of a range of policy actions undertaken by the FR to provide liquidity to the financial system. This report documents aspects of the financial crisis relevant to the creation of the CPFF, reviews the operation of the CPFF, discusses use of the facility, and draws conclusions for lender-of-last-resort facilities. Charts and tables.

The Law of Commercial Paper

The Law of Commercial Paper PDF

Author: William Underhill Moore

Publisher: Forgotten Books

Published: 2018-02-11

Total Pages: 328

ISBN-13: 9780656364008

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Excerpt from The Law of Commercial Paper: Prepared in the Extension Division of the University of Wisconsin The preceding is the ordinary form of a negotiable promissory note. The form below gives the ordinary bill of exchange. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

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