2020-03-27Other factsPRIMARYThe FRBNY required BlackRock to provide daily reports of inventory, trades, and risk assessments for the SMCCF using BlackRock's Aladdin platform.
2020-03-24TransactionsPRIMARYThe FRBNY retained BlackRock Financial Markets Advisory as a third-party vendor to serve as the investment manager for the SMCCF.
2020-03-23Other factsPRIMARYDuring the 2020 pandemic, the FRBNY established the Secondary Market Corporate Credit Facility (SMCCF) and financed a special purpose vehicle called Corporate Credit Facilities LLC.
2008-04-29TransactionsPRIMARYThe FRBNY created Maiden Lane LLC in 2008, extending a $28.82 billion loan to facilitate JPMorgan Chase's takeover of Bear Stearns by purchasing approximately $30 billion of its assets.