Permanent historical factsheet

Asset-Backed Commercial Paper Money Market Facility

United States of America · Economy / Federal Reserve. Chronological records rendered directly from the World History Database.

1Records
2008Date range
1Named people
1Places

Chronological records

2008

Ben Shalom Bernanke19 September 2008

Washington · Economy / Federal Reserve

The Federal Reserve announces a facility to finance purchases of high-quality asset-backed commercial paper from money market mutual funds, helping those funds meet redemptions without forcing disruptive asset sales.

Names involved

Ben Shalom Bernanke

Provenance

This factsheet is generated from stored World History Database records matching the country, broad category, detailed category and exact Event value shown above. Duplicate display records are collapsed; database wording is otherwise preserved. Source provenance varies by record, so formal academic citation should be checked against the relevant primary source, archive or specialist historical reference.