On May 19, the Federal Reserve Bank of New York (FRBNY) announced that, starting in late July, certain AAA-rated commercial mortgage-backed securities issued before January 1, 2009 (Legacy CMBS), will be eligible collateral under the FRBNY’s Term Asset-Backed Securities Loan Facility (TALF).
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RegisterFederal Reserve adds legacy CMBS to TALF
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USA
May 20 2009
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