H41: Maiden Lane LLC began making distributions to repay its loan extended by the Federal Reserve Bank of New York (FRBNY)
By FEDERAL RESERVE
Published - Dec 02, 2022, 01:07 PM ET
Last Updated - Feb 09, 2023, 12:21 AM EST
For Release at 4:30 P.M. EDT July 22, 2010
Consistent with the terms of the Maiden Lane LLC (LLC) transaction, on July 15, 2010, the LLC began making distributions to repay its loan extended by the Federal Reserve Bank of New York (FRBNY). These distributions will occur on a monthly basis unless otherwise directed by the Federal Reserve and will follow the order of payments explained in the note to Table 4. These distributions will also result in a corresponding reduction of the net portfolio holdings of the LLC.