Data Dictionary
Item Number J895
OTHER LIABILITIES: ML LOAN AND INTEREST PAYABLECall confidentiality applies to FFIEC 031/041.
Series | Start Date | End Date | Confidential? | Reporting Forms |
---|---|---|---|---|
FRBSJ895 | 2008-04-29 | 9999-12-31 | Yes | FR 34 |
Data Description:
In June 2008, the Federal Reserve Board authorized the New York Reserve Bank, under section 13(3) of the Federal Reserve Act, to provide financing to Maiden Lane LLC (ML) to facilitate the acquisition of certain assets of Bear Stearns. JPMorgan Chase (JPMC) also extended credit to ML; this loan is reported at fair value in the consolidated financial statements of the New York Reserve Bank.
240-400 Loan and Interest Payable to JPM