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What is the date upon which the New York Fed will set the initial benchmark rates for a TALF subscription?

April 26, 2017benchmark fed initial new york rates subscription talf

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What is the date upon which the New York Fed will set the initial benchmark rates for a TALF subscription?

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The New York Fed will set the initial benchmark rates for a TALF subscription one business day prior to subscription date. Submission of loan requests will still occur on subscription date.