Loan applications outpace TALF balance by $1.1 billion

05/15/2009 | Nasdaq.com

The Federal Reserve released a report showing the Term Asset-Backed Securities Loan Facility, or TALF, program has a balance of $15.9 billion, while loan applications totaled $17 billion. Of the applications, $10.6 billion was requested on May 5, the start of the third phase of funding.

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