On May 20, the Federal Reserve Bank of New York announced the first loan subscription date for the
Term Asset-Backed Securities Loan Facility (
TALF). The TALF was established to increase availability of credit and support consumers and businesses by assisting the issuance of asset-backed securities. Borrowers may request one or more three-year TALF loans on the monthly scheduled loan subscription date, beginning with the upcoming first loan subscription date of June 17.
Release.
