Maiden Lane LLC
E560326
Maiden Lane LLC was a special-purpose vehicle created by the Federal Reserve Bank of New York to facilitate the bailout and orderly resolution of Bear Stearns during the 2008 financial crisis.
Statements (41)
| Predicate | Object |
|---|---|
| instanceOf |
limited liability company
ⓘ
special-purpose vehicle ⓘ |
| affiliation | Federal Reserve System NERFINISHED ⓘ |
| assetTypeHeld |
derivatives
ⓘ
mortgage-related securities ⓘ other Bear Stearns portfolio assets ⓘ |
| associatedEvent |
Bear Stearns rescue
ⓘ
Federal Reserve emergency lending programs NERFINISHED ⓘ |
| backedBy | Federal Reserve Bank of New York NERFINISHED ⓘ |
| beneficiary |
Bear Stearns creditors
ⓘ
JPMorgan Chase NERFINISHED ⓘ U.S. financial system stability ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| creator | Federal Reserve Bank of New York NERFINISHED ⓘ |
| disclosureRequirement | periodic public reporting of portfolio and performance ⓘ |
| dissolution | after repayment of Federal Reserve loan ⓘ |
| financingSource | Federal Reserve Bank of New York NERFINISHED ⓘ |
| financingStructure | loan from Federal Reserve Bank of New York secured by portfolio assets ⓘ |
| function |
hold and manage assets acquired from Bear Stearns
ⓘ
isolate troubled assets from Bear Stearns balance sheet ⓘ |
| hasPart | portfolio of Bear Stearns assets ⓘ |
| inception | 2008 ⓘ |
| industry | financial services ⓘ |
| jurisdiction | New York NERFINISHED ⓘ |
| legalForm | LLC ⓘ |
| location | New York City ⓘ |
| namedAfter | Maiden Lane NERFINISHED ⓘ |
| operator | Federal Reserve Bank of New York NERFINISHED ⓘ |
| ownedBy | Federal Reserve Bank of New York NERFINISHED ⓘ |
| purpose |
facilitate bailout of Bear Stearns
ⓘ
stabilize financial markets during the 2008 financial crisis ⓘ support orderly resolution of Bear Stearns ⓘ |
| regulator | Board of Governors of the Federal Reserve System NERFINISHED ⓘ |
| regulatoryContext | emergency lending under Section 13(3) of the Federal Reserve Act ⓘ |
| relatedTo |
2008 financial crisis
ⓘ
Bear Stearns NERFINISHED ⓘ JPMorgan Chase NERFINISHED ⓘ |
| riskManagementGoal |
limit losses to the Federal Reserve Bank of New York
ⓘ
mitigate systemic risk ⓘ |
| transactionCounterparty | JPMorgan Chase NERFINISHED ⓘ |
| transactionRole | asset-purchase vehicle for Bear Stearns portfolio ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.