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New York Fed Launches Prequalification Process for Potential Cash Investment Manager for Commercial Paper Funding Facility as Part of Competitive Procurement
December 10, 2020
NEW YORK, Dec. 10 -- The Federal Reserve Bank of New York issued the following news release on Dec. 9:

The Federal Reserve Bank of New York today announced that it is launching a prequalification process for cash investment management services for the Commercial Paper Funding Facility (CPFF). This is part of a multiphase competitive procurement process commenced by the New York Fed in October.

When the Federal Reserve launched a number of emergency liquidity facilities . . .

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