NASHVILLE, Tenn, April 18 (Reuters) - The problems in the U.S. commercial real estate market are a real risk for the economy, the president of the Federal Reserve Bank of Atlanta said on Saturday.
Dennis Lockhart said the Fed is still considering adding commercial mortgage backed securities as an asset class in the Term Asset-Backed Securities Loan Facility, but that the 'details have not been fully worked out.'
Lockhart was chairing a panel on banking and real estate at a conference in Nashville, Tennessee.
(Reporting by Kristina Cooke; Editing by Leslie Adler) Keywords: USA FED/LOCKHARTQNA (kristina.cooke@thomsonreuters.com; +1-646-223-6154; Reuters Messaging: kristina.cooke.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Dennis Lockhart said the Fed is still considering adding commercial mortgage backed securities as an asset class in the Term Asset-Backed Securities Loan Facility, but that the 'details have not been fully worked out.'
Lockhart was chairing a panel on banking and real estate at a conference in Nashville, Tennessee.
(Reporting by Kristina Cooke; Editing by Leslie Adler) Keywords: USA FED/LOCKHARTQNA (kristina.cooke@thomsonreuters.com; +1-646-223-6154; Reuters Messaging: kristina.cooke.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.