Fed may announce commercial paper facilities Sunday -BofA | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

Fed may announce commercial paper facilities Sunday -BofA

The Federal Reserve may announce measures on Sunday night aimed at bolstering liquidity in the commercial paper market, used by companies for short-term loans, analysts at Bank of America wrote.

The bank’s analysts said they believe the Fed will announce a Commercial Paper Funding Facility, an operation previously used in 2008 in which the Fed buys commercial paper from issuers directly, and a Commercial Paper Dealer Purchase Facility in which the Fed would buy commercial paper from dealers directly.

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