Circular
Federal Reserve Announces Set of Eligible Collateral for Loans Extended By TALF to Include Four Additional Categories of ABS
March 19, 2009
Circular No. 12081

The Federal Reserve Board has announced that the set of eligible collateral for loans extended by the Term Asset-Backed Securities Loan Facility (TALF) is being expanded to include four additional categories of asset-backed securities (ABS):

  • ABS backed by mortgage servicing advances 
  • ABS backed by loans or leases relating to business equipment
  • ABS backed by leases of vehicle fleets
  • ABS backed by floorplan loans

The new categories of collateral will be eligible for the April TALF funding. Additional details on the April funding will be released on March 24. Subscriptions for the April funding will be accepted on April 7, and those loans will settle on April 14.

See the press release for more details.

Press release offsite