Commercial paper held by Commercial Paper Funding Facility LLC, Maturing in 16 days to 90 days (DISCONTINUED SERIES) (CPFAC1690)
2010-08-25: 0 Millions of Dollars
Weekly, As of Wednesday, Not Seasonally Adjusted, Updated: 2010-08-27 7:46 AM CDT
|Source:|| Board of Governors of the Federal Reserve System
|Release:||H.4.1 Factors Affecting Reserve Balances|
The Commercial Paper Funding Facility (CPFF) provides a liquidity backstop to U.S. issuers of commercial paper through a special purpose vehicle (SPV), the CPFF LLC. This LLC purchases three-month unsecured and asset-backed commercial paper directly from eligible issuers. The Federal Reserve provides financing to the LLC through the CPFF, and all lending is secured by all of the assets of the LLC and, in the case of commercial paper that is not asset-backed commercial paper, by the retention of upfront fees paid by the issuers or by other forms of security acceptable to the Federal Reserve in consultation with market participants. This line reports the face value of the commercial paper held by the LLC.