March 17, 2020 / 1:41 PM / 14 days ago

Fed to reinstate commercial paper funding facility -sources

NEW YORK/WASHINGTON, March 17 (Reuters) - The Federal Reserve is planning to reinstate a facility previously used during the 2007-09 financial crisis to improve liquidity in a key short-term funding market, two sources familiar with the matter told Reuters.

An announcement about a reintroduction of the Commercial Paper Funding Facility (CPFF) could be made as early as Tuesday, the sources said. (Reporting by Matt Scuffham Editing by Chizu Nomiyama)

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