Fed sees increased demand for TALF loans

06/3/2009 | Bloomberg

Investor requests to the Federal Reserve for loans to buy asset-backed securities under the Term Asset-Backed Securities Loan Facility increased to $11.5 billion in May, the central bank said. The increase shows that the program is shaking of a slow start and maintaining sustained interest. "There's a lot of pent-up demand. We have been in a dysfunctional mode of the market, with very low issuance for close to a year and a half now," said Ron D'Vari, co-founder and CEO of NewOak Capital LLC.

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