Borrowings From The Federal Reserve, Term Asset-Backed Securities Loan Facility (TABSLFBORR)
2014-02: 96 Millions of Dollars
Monthly, Not Seasonally Adjusted, Updated: 2014-03-06 4:13 PM CST
|Source:|| Board of Governors of the Federal Reserve System
|Release:||H.3 Aggregate Reserves of Depository Institutions and the Monetary Base|
Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility. The Federal Reserve created the Term Asset-Backed Securities Loan Facility (TALF), to help market participants meet the credit needs of households and small businesses by supporting the issuance of asset-backed securities (ABS) collateralized by auto loans, student loans, credit card loans, equipment loans, floorplan loans, insurance premium finance loans, loans guaranteed by the Small Business Administration, residential mortgage servicing advances or commercial mortgage loans. The facility was closed for new loan extensions against newly issued commercial mortgage-backed securities (CMBS) on June 30, 2010, and for new loan extensions against all other types of collateral on March 31, 2010.