New York Fed Announces Terms for June TSLF Options Program

May 27, 2009


As part of the TSLF Options Program (TOP), the Federal Reserve Bank of New York will offer options on TSLF Schedule 2 loans spanning June quarter end. The program will operate according to the following schedule, with all other parameters consistent with the previously published terms and conditions.

June quarter-end
Loan collateral
Schedule 2
Fixed loan rate
0.2500 percent
Total offering amount
$50 billion
Maximum award
20% of offering
Minimum option fee rate
0.0100 percent
Option auction date
   Start time
   Close time
  June 3, 2009
  02:00 p.m. ET
  02:30 p.m. ET
Option exercise date
June 24, 2009
Loan settlement date
June 25, 2009
Loan term
Loan maturity date
July 2, 2009