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    Who is Eligible to Tap the Fed's TSLF Window?

    04/07/2008

    Last month, the Federal Reserve announced a new lending program, the $200 billion Term Securities Lending Facility (TSLF), that reaches beyond traditional banks to lend Treasuries to major investment houses in exchange for other collateral. While who is actually borrowing from the facility, and what specifically they are posting as collateral, is secret, we do know which large firms are eligible to take "temporary" loans that put taxpayers at risk.

    List of the Primary Government Securities Dealers Reporting to the Government Securities Dealers Statistics Unit of the Federal Reserve Bank of New York

    BNP Paribas Securities Corp.
    Banc of America Securities LLC
    Barclays Capital Inc.
    Bear, Stearns & Co., Inc.
    Cantor Fitzgerald & Co.
    Citigroup Global Markets Inc.
    Countrywide Securities Corporation
    Credit Suisse Securities (USA) LLC
    Daiwa Securities America Inc.
    Deutsche Bank Securities Inc.
    Dresdner Kleinwort Wasserstein Securities LLC.
    Goldman, Sachs & Co.
    Greenwich Capital Markets, Inc.
    HSBC Securities (USA) Inc.
    J. P. Morgan Securities Inc.
    Lehman Brothers Inc.
    Merrill Lynch Government Securities Inc.
    Mizuho Securities USA Inc.
    Morgan Stanley & Co. Incorporated
    UBS Securities LLC.