On June 2, the Federal Reserve Bank of New York announced that on the June 2 subscription date investors requested $11.4 billion in loans under the Term Asset-Backed Securities Loan Facility (TALF), slightly more than the $10.6 billion of loan requests made in May. The total amount of TALF loan requests is now approximately $28.5 billion.  

For the first time, investors requested TALF loans in the amount of $528 million for asset-backed securities (ABS) backed by premiums on property and casualty insurance and $494 million for ABS backed by residential mortgage servicing advances. Investors also requested TALF loans in the amount of $6.2 billion for credit card ABS, $3.3 billion for auto ABS, $590 million for equipment ABS, $227 million for student loan ABS, and $81 million for Small Business Administration loan ABS.  

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