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The NY Fed announces that the first.............>

FED
FED: The NY Fed announces that the first subscription date for loans backed by
eligible asset-backed securities (ABS) as part of the $100bln Term Asset-Backed
Securities Loan Facility (TALF) will be June 17, and the first loan closing date
will be June 25.
- The NY Fed also released an updated set of FAQs, the most notable new section
of which is a long discussion about the measures that are in place "to protect
the TALF against credit losses and fraud".

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