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 Outreach & Education function engages, empowers and educates the public in the Second District. Our outreach mission furthers the Bank’s commitment to the region by listening to the communities we serve and developing programs, analysis and sponsored conferences and clinics to help meet their needs. Our education mission aims to advance public knowledge about the Federal Reserve System and its role in the economy.
The New York Fed announces that it has received consents on behalf of each existing TALF borrower to extend by one day the period of time in which monthly disbursements of principal and interest on underlying collateral shall be distributed under the terms of existing TALF loans. Effective immediately, the Payment Date for monthly principal and interest disbursements in respect of all existing and future TALF loans shall be the second Business Day following each Determination Date (as such terms are defined in the MLSA).