Federal Reserve emergency lending facilities and liquidity programs (September 2008–2010)

1. Fed expands PDCF collateral after weekend turmoil

   Sep 14, 2008Labels: Primary Dealer, Primary dealers

   • Fed AR2008

2. Lehman failure triggers acute funding-market stress

   Sep 15, 2008Labels: Lehman Brothers

   • Britannica

3. Dollar swap lines rapidly expanded overseas

   Sep 18, 2008Labels: Dollar swap, Foreign central

   • FRASER NYFed

4. AMLF launched to stabilize money market funds

   Sep 19, 2008Labels: AMLF, Money market

   • Fed AMLF
   • Fed PR

5. CPFF announced to backstop commercial paper

   Oct 7, 2008Labels: CPFF, Commercial paper

   • Fed AR2008
   • CRS R44185

6. CPFF operational details set for October start

   Oct 14, 2008Labels: CPFF

   • Fed PR

7. MMIFF created as backup liquidity for money markets

   Oct 21, 2008Labels: MMIFF, Money market

   • Fed PR

8. MMIFF becomes operational amid ongoing strains

   Nov 24, 2008Labels: MMIFF

   • Fed PR

9. TALF announced to restart ABS-based credit

   Nov 25, 2008Labels: TALF, Asset-backed securities

   • Treasury PR
   • CRS R44185

10. TALF launches and begins first 2009 funding cycle

    Mar 3, 2009Labels: TALF

    • Treasury TG 45

11. AMLF, CPFF, PDCF, and TSLF close to new lending

    Feb 1, 2010Labels: AMLF, CPFF, PDCF

    • Fed AppendixB
    • CRS R44185

12. TALF stops most new lending, shifting toward exit

    Mar 31, 2010Labels: TALF

    • CRS R44185

13. Fed begins winding down crisis-era facilities

    Apr 1, 2010Labels: TAF, Federal Reserve

    • Fed AppendixB

14. TALF closes; emergency liquidity arc largely ends

    Jun 30, 2010Labels: TALF

    • Treasury TALF
    • CRS R44185