New York Fed Revises TALF Master Loan and Security Agreement

Museum & Visits Regional Economy Data & Statistics Careers Blog Press Center

About the New York Fed
- About the New York Fed
- What We Do
- Who We Are
  - Bank Leadership
  - Diversity and Inclusion
- Communities We Serve
- Governance
- More About Us
- At the New York Fed, our mission is to make the U.S. economy stronger and the financial system more stable for all segments of society. We do this by executing monetary policy, providing financial services, supervising banks and conducting research and providing expertise on issues that impact the nation and communities we serve.
  
  The New York Innovation Center bridges the worlds of finance, technology, and innovation and generates insights into high-value central bank-related opportunities.
  
  Do you have a request for information and records? Learn how to submit it.
  
  Learn about the history of the New York Fed and central banking in the United States through articles, speeches, photos and video.
Markets & Policy Implementation

Economic Research
- Economic Research
- U.S. Economy
  - Consumer Expectations & Behavior
  - Growth & Inflation
  - Labor Market
  - Financial Stability
  - Banking
- REGIONAL ECONOMY
- RESEARCHERS
  - PUBLICATIONS
  - RESEARCH CENTERS
  - CALENDAR

Financial Institution Supervision
- Financial Institution Supervision
- Supervision & Regulation
  - Circulars
  - Regulations
- Reporting Forms & Instructions
  - Reporting Forms
  - Correspondence
- Bank Applications
- Consumer Protection
  - Community Reinvestment Act Exams
  - Frauds and Scams
- As part of our core mission, we supervise and regulate financial institutions in the Second District. Our primary objective is to maintain a safe and competitive U.S. and global banking system.
  
  The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
  
  Need to file a report with the New York Fed? Here are all of the forms, instructions and other information related to regulatory and statistical reporting in one spot.
  
  The New York Fed works to protect consumers as well as provides information and resources on how to avoid and report specific scams.
Financial Services & Infrastructure
- Financial Services & Infrastructure
- Financial Services & Operations
- Financial Market Infrastructure & Reform
- The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
  
  The New York Innovation Center bridges the worlds of finance, technology, and innovation and generates insights into high-value central bank-related opportunities.
  
  The growing role of nonbank financial institutions, or NBFIs, in U.S. financial markets is a transformational trend with implications for monetary policy and financial stability.
  
  The New York Fed offers the Central Banking Seminar and several specialized courses for central bankers and financial supervisors.
Community Development
& Education

New York Fed Revises TALF Master Loan and Security Agreement

September 1, 2009

The following summarizes the changes made to the MLSA from the August 4, 2009 posting:

Replaces the defined term, "Primary Dealer” with “TALF Agent”.
Clarifies that the Monthly Interest Deficiency Amount with respect to any Loan shall not exceed the Monthly Interest Shortfall Amount with respect to such Loan.
Clarifies the delivery obligations of the TALF Agent to the Lender and Custodian with respect to AUP Reports and updates to such AUP Reports. See Section 3.1 for specifics.
Provides that promptly after the receipt of any request therefor, each Borrower shall provide to Lender (or it shall use its best efforts to cause the applicable issuer, servicer or trustee to provide to Lender) all Governing Documents and servicer and/or trustee reports (if applicable) with respect to its Collateral as Lender shall reasonably request.
Extends the date that Lender may consent to any Loan Assignment (from December 31, 2009 to March 31, 2010 (or in the case of a Loan secured by Newly Issued CMBS Collateral, to June 30, 2010).
Includes an additional field in the two forms of Loan Request (Loan Request Number).

View comparison document pdf

View MLSA pdf

By continuing to use our site, you agree to our Terms of Use and Privacy Statement. You can learn more about how we use cookies by reviewing our Privacy Statement.