New Margin Schedule Announced for TAF Loans

The Federal Reserve yesterday released a new schedule of margins applicable for collateral pledged by depository institutions to secure discount window and term-auction facility loans and for payment system risk purposes.

Details on the changes, which take effect Oct. 19, are available at www.frbdiscountwindow.org.

The new table, the Fed said, provides greater clarity about the foreign currencies in which eligible assets may be denominated.

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