The Federal Reserve Board  agreed with the Treasury Department’s decision to reduce the credit protection provided for the Term Assett-Backed Securities Loan Facility (TALF) under the Troubled Asset Relief Program (TARP) to $4.3 billion from $20 billion , according to a release from the Federal Reserve.   

The Fed had previously authorized up to $200 billion in TALF loans, but there were still $43 billion in loans outstanding when the program closed on June 30.  

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