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 and Education function engages, empowers and educates the Second District communities that the Bank serves, especially civic leaders, students, educators, small business owners, policymakers and the general public. It furthers the Bank's commitment to the region by listening to the communities we serve and leveraging our unique attributes to positively impact school and university programs, as well as analysis and research.
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).