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Extensions of Credit by Federal Reserve Banks

Fed · final-rule · Published 2009-12-09 · Effective 2010-01-08 · 74 FR 65014

Document

Document number
E9-29296
Federal Register citation
74 FR 65014
CFR reference
12 CFR 201
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Reserve System
Publication date
2009-12-09
Effective date
2010-01-08
Docket
Regulation A

Abstract

This final rule amends Regulation A to provide a process by which the Federal Reserve Bank of New York may determine the eligibility of credit rating agencies in the Term Asset-backed Securities Loan Facility. The final rule does not apply to discount window lending or other extensions of credit provided by the Federal Reserve System. In addition, the final rule only applies to asset- backed securities that are not backed by commercial real estate. The amendment does not represent a change in the stance of monetary policy.

Source

Authoritative
Federal Register document
Machine
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