Maiden Lane facilities

E560327

The Maiden Lane facilities were special-purpose vehicles created by the Federal Reserve during the 2008 financial crisis to acquire and manage troubled assets from failing financial institutions, particularly related to Bear Stearns and AIG.

All labels observed (3)

How this entity was disambiguated

Statements (49)

Predicate Object
instanceOf Federal Reserve emergency lending facilities ⓘ
special-purpose vehicle ⓘ
special-purpose vehicles ⓘ
acquiredBySupportOf JPMorgan Chase ⓘ
acquiredFrom AIG counterparties ⓘ
AIG subsidiaries ⓘ
linked to: AIG

Bear Stearns ⓘ
assetDisposition assets were gradually sold off over time ⓘ
assetType collateralized debt obligations ⓘ
derivatives and other illiquid assets ⓘ
mortgage-related securities ⓘ
residential mortgage-backed securities ⓘ
backedBy Federal Reserve loans ⓘ
subordinate funding from counterparties ⓘ
createdBy Federal Reserve Bank of New York ⓘ
Federal Reserve Bank of New York ⓘ
Federal Reserve Bank of New York ⓘ
Federal Reserve System ⓘ
createdDuring 2008 financial crisis ⓘ
2008 financial crisis ⓘ
2008 financial crisis ⓘ
2008 financial crisis ⓘ
financialOutcome Federal Reserve reported no loss on the facilities overall ⓘ
fundedBy equity from AIG ⓘ
equity from AIG ⓘ
loan from Federal Reserve Bank of New York ⓘ
loan from Federal Reserve Bank of New York ⓘ
loan from Federal Reserve Bank of New York ⓘ
subordinated loan from JPMorgan Chase ⓘ
goal avoid disorderly failure of major financial institutions ⓘ
limit systemic risk ⓘ
includes Maiden Lane II LLC ⓘ
Maiden Lane III LLC ⓘ
Maiden Lane LLC ⓘ
jurisdiction United States ⓘ
locatedAt Federal Reserve Bank of New York balance sheet ⓘ
namedAfter Maiden Lane ⓘ
street in Lower Manhattan, New York City ⓘ
operatedBy Federal Reserve Bank of New York ⓘ
purpose acquire and manage troubled assets ⓘ
facilitate acquisition of Bear Stearns by JPMorgan Chase ⓘ
purchase multi-sector collateralized debt obligations related to AIG ⓘ
purchase residential mortgage-backed securities from AIG subsidiaries ⓘ
support financial stability ⓘ
regulatoryFramework Section 13(3) of the Federal Reserve Act ⓘ
relatedTo AIG ⓘ
American International Group ⓘ
linked to: AIG

Bear Stearns ⓘ
status wound down after crisis period ⓘ

How these facts were elicited

Referenced by (5)

Full triples — surface form annotated when it differs from this entity's canonical label.

Federal Reserve emergency lending programs → component → Maiden Lane II LLC ⓘ
linked to: Maiden Lane facilities
Federal Reserve emergency lending programs → component → Maiden Lane III LLC ⓘ
linked to: Maiden Lane facilities
Maiden Lane facilities → includes → Maiden Lane II LLC ⓘ
linked to: Maiden Lane facilities
Maiden Lane facilities → includes → Maiden Lane III LLC ⓘ
linked to: Maiden Lane facilities