Statement Regarding TALF Loan Payment Date Change - FEDERAL RESERVE BANK of NEW YORK

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Statement

Statement Regarding TALF Loan Payment Date Change

November 30, 2009

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).

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