Term asset-backed securities loan facility (TALF)

What is Term asset-backed securities loan facility (TALF)?

Term asset-backed securities loan facility (TALF) meaning Second economic measure implemented by the Federal Reserve in the United States, in which US$800 billion was issued to Congress to remove toxic securities from US banks’ balance sheets during the 2008 credit crunch. (See also Troubled Asset Relief Programme.)

 

reference: mercer.com