February 21, 2024


Federal Reserve Bank of New York

Federal Reserve Bank of New York

The New York Fed sold the last securities in its Maiden Lane portfolio, created after Bear Stearns nearly collapsed during the global financial crisis.

On September 18, the New York Fed said it had sold the final securities in transactions conducted over the past two weeks. This action was taken almost exactly 10 years after the height of the crisis.

Maiden Lane is a financial vehicle created to support the mid-2008 merger of JP Morgan and Bear Stearns.it is