The Treasury Department announced Tuesday it would extend its liquidity program for money market mutual funds until Sept. 18.
The program was set to expire on April 30.
As part of the extension, mutual funds must submit a program extension payment program, an extension notice, and other documentation. The amount of the liquidity for the extension period will be based on the fund's net asset value as of Sept. 19, 2008.
The program, which the Federal Reserve Board announced on Oct. 21, covers over $3 trillion of assets.
