The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
The Outreach and Education function engages, empowers and educates the Second District communities that the Bank serves, especially civic leaders, students, educators, small business owners, policymakers and the general public. It furthers the Bank's commitment to the region by listening to the communities we serve and leveraging our unique attributes to positively impact school and university programs, as well as analysis and research.
New York Fed to Discuss TSLF Terms and Conditions with Primary Dealers
March 13, 2008
Today and tomorrow, staff of the Federal Reserve Bank of New York will meet individually with each primary dealer and continue to evaluate comments from other market participants regarding the terms and conditions of the Term Securities Lending Facility ("TSLF"). Specifically, among the topics we will discuss are general market conditions as related to the TSLF, collateral eligibility, and the potential schedule and sizes of auctions, the first of which is scheduled for Thursday, March 27. The Bank intends to provide additional information on the TSLF terms and conditions within the next week.