The Federal Reserve Bank of New York announced the results of the latest TALF operations in support of new and legacy CMBS. The New York Fed received loan requests for legacy CMBS in the amount of $1.4 billion, down from $2.3 billion in requests in August that resulted in $2.1 billion in settlements.

No requests were received for support of new CMBS during the Sept. 17 subscription window. The rates for the current facilities were 2.9455 percent for fixed three-year loans and 3.7958 for fixed five-year loans.

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