Assets - Net Portfolio Holdings of Maiden Lane III LLC (WAML3L)
2013-11-27: 22 Millions of Dollars
Weekly, As of Wednesday, Not Seasonally Adjusted, Updated: 2013-11-29 3:48 PM CST
|Source:|| Board of Governors of the Federal Reserve System
|Release:||H.4.1 Factors Affecting Reserve Balances|
On November 25, 2008, the FRBNY began extending credit to Maiden Lane III LLC, a company formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of AIG had written credit default swap (CDS) contracts. This line reports the fair value of the CDOs held by the LLC. Because the FRBNY is the primary beneficiary of the LLC, the assets and liabilities of the LLC are consolidated onto the balance sheet of the FRBNY.