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

Term of the Day

Withholding tax

A tax levied by a country of source on income paid, usually on dividends remitted to the home country of the firm operating in a foreign country.

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