Term Asset-Backed Securities Loan Facility Launches: Key Details

March 11, 2009

On March 3, 2009, the U.S. Treasury and Federal Reserve Board announced the launch of the Term Asset-Backed Securities Loan Facility, which is intended to increase the availability of credit to consumers and small business by unfreezing related securitization markets. We have attached a short memorandum that highlights the key details of the program.

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