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.

All labels observed (1)

Label Occurrences
Maiden Lane LLC canonical 2

How this entity was disambiguated

Statements (41)

Predicate Object
instanceOf limited liability company
special-purpose vehicle
affiliation Federal Reserve System
assetTypeHeld derivatives
mortgage-related securities
other Bear Stearns portfolio assets
associatedEvent Bear Stearns rescue
Federal Reserve emergency lending programs
backedBy Federal Reserve Bank of New York
beneficiary Bear Stearns creditors
JPMorgan Chase
U.S. financial system stability
country United States
creator Federal Reserve Bank of New York
disclosureRequirement periodic public reporting of portfolio and performance
dissolution after repayment of Federal Reserve loan
financingSource Federal Reserve Bank of New York
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
legalForm LLC
location New York City
namedAfter Maiden Lane
operator Federal Reserve Bank of New York
ownedBy Federal Reserve Bank of New York
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
regulatoryContext emergency lending under Section 13(3) of the Federal Reserve Act
relatedTo 2008 financial crisis
Bear Stearns
JPMorgan Chase
riskManagementGoal limit losses to the Federal Reserve Bank of New York
mitigate systemic risk
transactionCounterparty JPMorgan Chase
transactionRole asset-purchase vehicle for Bear Stearns portfolio

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Referenced by (2)

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