Font size: A A A A
Home > Industry > Running Your Business > financial
Related topics: financial,Running Your Business
Font size: A A A A

Fed, Treasury Launch Loan-Facility Program

March 3, 2009 By: Travel Agent Central Contributor

The U.S. Treasury and Federal Reserve launched a highly anticipated lending facility Tuesday aimed at generating up to $1 trillion in consumer and small business loans, according to a report in The Wall Street Journal.

The Term Asset-Backed Securities Loan Facility, which is scheduled to begin disbursing funds March 25, will make loans to purchasers of AAA-rated securities backed by new auto, credit card, student and Small Business Administration guaranteed loans. The facility is commonly referred to as the TALF.

"By reopening these markets, the TALF will assist lenders in meeting the borrowing needs of consumers and small businesses, helping to stimulate the broader economy," the Treasury and Fed said in a joint statement.

Requests for funding from the facility will be accepted beginning March 17. The program will offer new funding on a monthly basis through December 2009 or later, at the Fed's discretion.

What do you think of this $type?

This comprehensive guide begins at Alfava Metraxis and ends at Doctor Who Magazine wins the ACE Press Award 0 Following its record breaking ABC figure earlier this year, Doctor Who Magazine had cause for further celebration at the 2014 ACE Press Awards held viagra bedeutung online apotheke at the Museum of London. This may take a second or two.