Term Securities Lending Facility (TSLF)

Definition

Announced by the Federal Reserve on March 11, 2008, the TSLF loaned Treasury securities to certain investment banks for one month in return for pledged collateral. The program was aimed at boosting confidence in those firms. The facility was closed on Feb. 1, 2010.

Investing Essentials

Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University


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