Today, in order "to promote financial stability and support the flow of credit to households and businesses," the Federal Reserve announced the extension through February 1, 2010, of its existing liquidity programs that were scheduled to expire on October 30, 2009. Among the programs extended to February 1 are the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF), the Commercial Paper Funding Facility (CPFF), the Primary Dealer Credit Facility (PDCF), and the Term Securities Lending Facility (TSLF). The Federal Reserve did not extend the Money Market Investor Funding Facility (MMIFF), which expires on October 30, 2009, and the expiration date for the Term Asset-Backed Securities Loan Facility (TALF) currently remains set at December 31, 2009. Certain other Federal Reserve programs, such as the Term Auction Facility (TAF) does not have a fixed expiration date.
In addition to these extensions, the Federal Reserve also announced the extension through February 1, 2010 of the temporary reciprocal currency arrangements (swap lines) between the Federal Reserve and other central banks.