Reserve Bank credit is the sum of securities held outright, repurchase agreements, term auction credit, other loans, net portfolio holdings of Commercial Paper Funding Facility LLC, net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility, net portfolio holdings of Maiden Lane LLC, net portfolio holdings of Maiden Lane II LLC, net portfolio holdings of Maiden Lane III LLC, float, central bank liquidity swaps, and other Federal Reserve assets.
All American Investor
Showing posts with label maiden lane. Show all posts
Showing posts with label maiden lane. Show all posts
Sunday, March 11, 2012
Saturday, June 13, 2009
FED Loans to AIG for Credit Default Swaps (Maiden Lane III, Graph)
On November 25, 2008, the Federal Reserve Bank of New York began extending credit to Maiden Lane III LLC.
This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc (AIG) had written credit default swap (CDS) contracts.
Net portfolio holding of Maiden Lane III at peak $28.085 billion (December 24, 2008). Current holding $19.876 billion.
FED continuing to assume risks of these credit default swap transactions.
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This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc (AIG) had written credit default swap (CDS) contracts.
Net portfolio holding of Maiden Lane III at peak $28.085 billion (December 24, 2008). Current holding $19.876 billion.
FED continuing to assume risks of these credit default swap transactions.
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 Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 500 articles with more than 11,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments. |
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Friday, April 24, 2009
Bear Bailout Cost Fed $3 Billion, So Far
The U.S. Federal Reserve report showed a $3 billion loss on the books from its deal to rescue investment bank Bear Stearns.
The number of greater concern is The Fed's combined assets of $2.25 Trillion as of Dec. 31. This number compares with $1.3 Trillion a year earlier.
The Fed balance sheet is inflationary and anyone who believe otherwise has their head in the sand.
We continue to watch the yield on the Ten Year and Thirty Year Treasury closely. We will be looking at the yield curve and its implications tomorrow.
Fed data shows big losses on Bear Stearns deal
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The number of greater concern is The Fed's combined assets of $2.25 Trillion as of Dec. 31. This number compares with $1.3 Trillion a year earlier.
The Fed balance sheet is inflationary and anyone who believe otherwise has their head in the sand.
We continue to watch the yield on the Ten Year and Thirty Year Treasury closely. We will be looking at the yield curve and its implications tomorrow.
Fed data shows big losses on Bear Stearns deal
Subscribe to All American Investor via Email
| Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 500 articles with more than 11,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments. |
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- 30 Year Conventional Mortgage Rate (Chart)
- Top Hedge Fund Managers Make Billions in 2008
- Systemic Risk Defined--Too Big to Fail
- Ray Dalio on the current state of affairs in the market
- Roubini Predicts U.S. Losses May Reach $3.6 Trillion
- Option ARM--The Toxic Mortgage
- Warren Buffett's Annual Letter to Investors (Cliff Notes Version)
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