The Fund’s Liquidity Position—Review and Outlook

Publication Date:

April 13, 2010

Electronic Access:

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Summary:

This paper reviews the Fund’s liquidity position. The review covers the Fund’s financial activities for the period September 11, 2009 through March 31, 2010, and also discusses recent developments likely to influence the Fund’s liquidity position. Against this backdrop, it examines the outlook for liquidity using the one-year Forward Commitment Capacity (FCC), the primary measure of the Fund’s liquidity, which is calculated taking into account supplementary resources made available under borrowing arrangements, including note purchase agreements.

Series:

Policy Papers

Subject:

English

Publication Date:

April 13, 2010

Format:

Paper

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