The New York Federal Reserve named four dealers who will act as agents for the Term ABS Loan Facility (TALF).

The Fed named CastleOak Securities, Loop Capital, Wells Fargo Securities and Williams Capital Group to represent borrowers in accessing TALF. These firms will serve the TALF program in the same capacity as the existing primary dealers.

"Establishing a wider network of TALF Agents as a distribution mechanism for TALF financing is an important step that should enable a broader range of investors to access the facility, leading to a further improvement in the securitization market," said William C. Dudley, New York Fed president.

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