WASHINGTON – Despite signs of renewed strength in the credit markets, the Federal Reserve Board on Tuesday unveiled a new program to provide more liquidity to money market mutual funds.

It is the Fed’s second attempt in a month to bolster money market funds. The first program targeted asset-backed commercial paper held by the funds, the second tackled their unsecured commercial paper. The Fed’s third program, set to launch on Monday, will purchase commercial paper, both secured and unsecured, from any U.S. issuer.

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