The Federal Reserve Board has today announced an expansion of the asset classes eligible under  the Term Securities Lending Facility (TSLF). The board said that triple-A-rated ABS will be eligible as schedule II collateral starting with the May 7 auction.

Aside from this, the board said that the size of the Term Auction Facility (TAF) auctions has been increased to $75 billion. Currency swap lines to foreign central banks have also been increased as well.

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