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TALF is Launched with Revised Terms
March 6, 2009 Full PDF
The Department of Treasury and the Federal Reserve announced this week the launch of the Term Asset-Backed Securities Loan Facility ("TALF") which is intended to jump-start lending markets by providing loans to investors who purchase qualifying asset-backed securities. In addition, the Federal Reserve Bank of New York published revised terms and conditions for TALF loans. In the attached memorandum we have highlighted some key differences between the original TALF terms and conditions and those that were released this week.