Term Asset-Backed Securities Loan Facility


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Term Asset-Backed Securities Loan Facility

A program announced by the Federal Reserve Bank in November 2008 to make loans to firms that would be purchasing high quality asset backed securities such as credit cards, student loans and some Small Business Administration loans.
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This part of the decline included lower balances in the Maiden Lane portfolios and the Term Asset-Backed Securities Loan Facility (TALF) Another sliver represented brief delays in the clearing of certain Fed security purchases, which are part of its reinvestment programs.
TALF -- the Term Asset-Backed Securities Loan Facility -- was set up by the U.
To get these markets working again, the Board introduced the Term Asset-Backed Securities Loan Facility (TALF) on November 25, 2008.
Belstar has also raised more than $280 million in two funds to take part in the Term Asset-Backed Securities Loan Facility administered by the U.
By March 2008, when this conference was organized, we had nine tools; now, if we include the Term Asset-Backed Securities Loan Facility (TALF) and our new purchase programs, we have sixteen according to my count.
For instance, the Fed on June 30 closed the Term Asset-Backed Securities Loan Facility for loans against newly issued commercial mortgage- backed securities.
The programme was called Term Asset-Backed Securities Loan Facility, or TALF, and ended last month.
The Federal Reserve took a number of actions to unfreeze credit markets and ultimately support consumers and the economy, said Duke, including the creation of the Term Asset-Backed Securities Loan Facility (TALF).
The Term Asset-Backed Securities Loan Facility (TALF) was created by the Board of Governors of the Federal Reserve System (Federal Reserve) to help meet consumer and small business credit needs by supporting issuance of asset-backed securities (ABS) and commercial mortgage-backed securities (CMBS).
The Term Asset-Backed Securities Loan Facility, or TALF, goes to the heart of efforts by the Fed and Obama administration to get credit flowing more normally again, a key ingredient to a lasting economic recovery.
The group urged that the government guarantee individual loans up to $10 million under the Term Asset-Backed Securities Loan Facility.
Up until June 16, investors in those bonds, like insurance companies, hedge funds and credit unions, had been invited to dip into the Term Asset-Backed Securities Loan Facility, or TALF, to borrow some of the $200 billion fund set by the Federal Reserve Bank of New York.