7.15.20
The New York Fed (FRBNY) reported that it received over $723 million in Term Asset-Backed Securities Loan Facility (TALF) loan requests for the July 6 subscription date and that $684 million in TALF loans settled on July 15. The collateral pledged consisted of around $413 million of ABS backed by small business loans, $213 million backed by legacy CMBS, $51 million of ABS backed by premium finance, and around $8 million of student loan-backed ABS. The next subscription date is July 21.