On to the Third Round: An Update on TALF

May 4, 2009

The effectiveness of the Term Asset-Backed Securities Loan Facility (TALF) is being questioned because of the so-called anemic interest in the program. Clearly, in terms of the numbers, this perception seems accurate. The Federal Reserve Bank of New York received only $1.7 billion of loan requests in April during the program's second round. By contrast, $4.7 billion of loan requests were made in March.

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