On December 4, 2017, the Federal Reserve Board (“FRB“) requested public comment on a proposal to amend Regulation A to make certain technical adjustments, including to reflect the expiration of the Term Asset Backed Securities Loan Facility (“TALF“) program. Regulation A governs extensions of credit by Federal Reserve Banks. The proposed amendments are “intended to allow the regulation to address circumstances in which the Federal Open Market Committee has established a target range for the federal funds rate rather than a single target rate, and to reflect the expiration of the TALF program.” Comments on the proposal must be received within 30 days of publication in the Federal Register. Release. Proposal.
