The Federal Reserve is seeing a pickup in activity in the ABS market and more demand for its Term Asset-Back Securities Loan Facility (TALF), according to chairman Ben Bernanke.

In a letter to Rep. Keith Ellison, D-Minn., the Fed chief notes that investor demand for TALF loans fell to $1.4 billion in April from $4.7 billion the previous month due to certain issues involving primary dealer banks, which now have been resolved.

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