Factors Supplying Reserve Balances - Loans - Term Asset-Backed Securities Loan Facility (WLCFTALFL)
2013-12-11: 98 Millions of Dollars
Weekly, As of Wednesday, Not Seasonally Adjusted, Updated: 2013-12-12 3:46 PM CST
|Source:|| Board of Governors of the Federal Reserve System
|Release:||H.4.1 Factors Affecting Reserve Balances|
The Term Asset-Backed Securities Loan Facility (TALF) is a funding facility that issues loans with a term of up to three years (and in some cases, five years) to holders of eligible asset-backed securities (ABS). The program is intended to assist the financial markets in accommodating the credit needs of consumers and businesses of all sizes by facilitating the issuance of ABS backed by consumer and small business loans and to improve the market conditions for ABS more generally.