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Term Securities Lending Facility
The Term Securities Lending Facility (TSLF) is a weekly loan facility that promotes liquidity in Treasury and other collateral markets and thus fosters the functioning of financial markets more generally. The program offers Treasury securities held by the System Open Market Account (SOMA) for loan over a one-month term against other program-eligible general collateral. Securities loans are awarded to primary dealers based on a competitive single-price auction.
Related Press Releases
- Federal Reserve announces extensions of and modifications to a number of its liquidity programs (June 25, 2009)
- Federal Reserve announces extension through October 30, 2009, of its existing liquidity programs that were scheduled to expire on April 30, 2009 (February 3, 2009)
- Federal Reserve announces the extension of three liquidity facilities through April 30, 2009 (December 2, 2008)
Last update:
June 25, 2009
