Money Market Investor Funding Facility
Date:
October 21, 2008
Policy Area:
Financial Sector Policy
Economic Target:
Financial Institutions
Action Type:
Loans
Maximum Amount:
$540.00 billion The Fed will fund private-sector investors to invest in mutual funds, promoting market liquidity. This entity was created by the Fed in response to the current financial crisis.
Source:
Notes:
Potential maximum indicates lending allowance. Maximum amount spent indicates outstanding loans as of 10/21/2009 (http://www.federalreserve.gov/releases/h41/Current/). Activities of the Federal Reserve are not directly recorded in the federal budget. However, each year the Federal Reserve remits a portion of its earnings to the general treasury. This remittance is generally in the range of $20-$30 billion per year, but the CBO estimates that the Fed's earnings will be lower by approximately $90 billion over the next ten years.
