Term Securities Lending Facility
E560322
The Term Securities Lending Facility was a temporary Federal Reserve program created during the 2008 financial crisis to lend Treasury securities to primary dealers in exchange for less-liquid collateral, aiming to ease strains in short-term funding markets.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Term Securities Lending Facility canonical | 3 |
How this entity was disambiguated
This entity first appeared as the object of triple T5951139 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Term Securities Lending Facility Context triple: [Federal Reserve emergency lending programs, component, Term Securities Lending Facility]
-
A.
Regulation T
Regulation T is a Federal Reserve Board rule that governs the extension of credit by securities brokers and dealers, including margin requirements for purchasing securities.
-
B.
Uniform Application for Securities Industry Registration or Transfer
The Uniform Application for Securities Industry Registration or Transfer (Form U4) is the primary regulatory form used in the United States to register or transfer the registration of individuals working in the securities industry with FINRA and other self-regulatory organizations.
-
C.
Regulation U
Regulation U is a U.S. Federal Reserve regulation that governs the amount of credit banks and other lenders may extend for the purpose of buying or carrying margin stock, helping to control the use of leverage in securities markets.
-
D.
CME Term SOFR
CME Term SOFR is a forward-looking, term-based interest rate benchmark derived from the Secured Overnight Financing Rate (SOFR), widely used in U.S. dollar lending and derivatives markets as a replacement for LIBOR.
-
E.
Regulation SCI
Regulation SCI is a U.S. Securities and Exchange Commission rule framework that imposes technology, operational resilience, and cybersecurity standards on key securities market participants and their critical systems.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Term Securities Lending Facility Target entity description: The Term Securities Lending Facility was a temporary Federal Reserve program created during the 2008 financial crisis to lend Treasury securities to primary dealers in exchange for less-liquid collateral, aiming to ease strains in short-term funding markets.
-
A.
Regulation T
Regulation T is a Federal Reserve Board rule that governs the extension of credit by securities brokers and dealers, including margin requirements for purchasing securities.
-
B.
Uniform Application for Securities Industry Registration or Transfer
The Uniform Application for Securities Industry Registration or Transfer (Form U4) is the primary regulatory form used in the United States to register or transfer the registration of individuals working in the securities industry with FINRA and other self-regulatory organizations.
-
C.
Regulation U
Regulation U is a U.S. Federal Reserve regulation that governs the amount of credit banks and other lenders may extend for the purpose of buying or carrying margin stock, helping to control the use of leverage in securities markets.
-
D.
CME Term SOFR
CME Term SOFR is a forward-looking, term-based interest rate benchmark derived from the Secured Overnight Financing Rate (SOFR), widely used in U.S. dollar lending and derivatives markets as a replacement for LIBOR.
-
E.
Regulation SCI
Regulation SCI is a U.S. Securities and Exchange Commission rule framework that imposes technology, operational resilience, and cybersecurity standards on key securities market participants and their critical systems.
- F. None of above. chosen
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
Federal Reserve lending facility
ⓘ
temporary emergency program ⓘ |
| announcementDate | 2008-03-11 ⓘ |
| assetLent | U.S. Treasury securities ⓘ |
| auctionMethod | single-price auction ⓘ |
| collateralTypeAccepted |
asset-backed securities
ⓘ
federal agency debt ⓘ federal agency mortgage-backed securities ⓘ investment-grade corporate securities ⓘ non-agency mortgage-backed securities ⓘ other investment-grade debt securities ⓘ |
| country |
United States
ⓘ
linked to:
United States of America
|
| createdBy |
Board of Governors of the Federal Reserve System
ⓘ
linked to:
Federal Reserve Board of Governors
|
| createdDuring | 2007–2008 financial crisis ⓘ |
| createdInResponseTo |
disruptions in short-term funding markets
ⓘ
increased demand for Treasury securities as collateral ⓘ liquidity pressures in the repurchase agreement market ⓘ |
| currency |
United States dollar
ⓘ
linked to:
US dollar
|
| eligibleCounterparty | primary dealers of the Federal Reserve Bank of New York ⓘ |
| endDate | 2010-02-01 ⓘ |
| impact |
helped stabilize short-term funding conditions for primary dealers
ⓘ
reduced scarcity of Treasury collateral in repo markets ⓘ supported functioning of securitized credit markets ⓘ |
| jurisdiction |
United States federal government
ⓘ
linked to:
United States government
|
| legalAuthority | Section 13(3) of the Federal Reserve Act ⓘ |
| loanMaturity | 28 days ⓘ |
| loanStructure | term securities lending ⓘ |
| location | New York ⓘ |
| maximumProgramSize | 200000000000 USD ⓘ |
| objective |
to ease strains in short-term funding markets
ⓘ
to improve price discovery for less-liquid collateral ⓘ to promote liquidity in Treasury and other collateral markets ⓘ |
| operatedBy |
Federal Reserve Bank of New York
ⓘ
Federal Reserve System ⓘ |
| partOf | Federal Reserve emergency lending programs during the 2008 financial crisis ⓘ |
| policyType |
credit market intervention
ⓘ
liquidity facility ⓘ |
| relatedProgram |
Commercial Paper Funding Facility
ⓘ
Primary Dealer Credit Facility ⓘ Term Auction Facility ⓘ
linked to:
Term Auction Facility (TAF)
|
| riskMitigation |
eligibility restrictions on collateral quality
ⓘ
haircuts on pledged collateral ⓘ limits on individual dealer borrowing ⓘ |
| settlementFrequency | weekly ⓘ |
| startDate | 2008-03-27 ⓘ |
| status | terminated ⓘ |
| supervisedBy |
Federal Reserve Bank of New York Markets Group
ⓘ
linked to:
Federal Reserve Bank of New York
|
| targetUser | primary dealers ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Term Securities Lending Facility Description of subject: The Term Securities Lending Facility was a temporary Federal Reserve program created during the 2008 financial crisis to lend Treasury securities to primary dealers in exchange for less-liquid collateral, aiming to ease strains in short-term funding markets.
Referenced by (3)
Full triples — surface form annotated when it differs from this entity's canonical label.