WASHINGTON — The Federal Reserve Board on Friday released details on the haircuts it plans to take on collateral accepted under a program aimed at reviving consumer lending.

Under the Term Asset-Backed Securities Loan Facility, the steepest haircuts — 16% — would be applied to certain auto loans posted as collateral with maturities of four to five years.

The smallest haircuts — 5% — would be levied against collateral including prime credit card loans with maturities of less than two years and small business administration loans that will be repaid in less than four years.

Since the Fed first instituted liquidity programs in December 2007, it has made a practice of not publishing the haircuts it takes on collateral it accepts.

The TALF is a $200 billion program announced in November that lends to holders of certain investment-grade asset-backed securities backed by new and recently originated consumer and small business loans.

It is scheduled to launch this month, but a date has not yet been set as operational details continue to be worked out. Friday’s announcement did not expand the scope of collateral the Fed would accept under TALF, though the Obama administration is reportedly considering ways to broaden the program.

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