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What Does Term Asset-Backed Securities Loan Facility – TALF Mean?

April 26, 2017asset-backed facility loan mean securities talf term

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What Does Term Asset-Backed Securities Loan Facility – TALF Mean?

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A program created by the U.S. Federal Reserve in November, 2008 to boost consumer spending to help jumpstart the economy. This is accomplished through the issuance of asset-backed securities. The collateral for these securities is made up of student, personal auto and credit card loans. Backing for these loans comes from the (up to) $1 trillion provided by the New York Federal Reserve Bank.