Announcement
03 Sep 2020
In September 2020, the Federal Reserve allocated USD 33.2 million to purchase part of a commercial loan granted to Luxe Brands Inc the transaction was carried out under The Main Street Lending Program.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
03 Sep 2020
Revocation date:
No revocation date
Announced: 03 Sep 2020
Debt purchase
In force
On 3 September 2020, the Federal Reserve ('the Fed') purchased 95% of a loan granted to Luxe Brands Inc extended by City National Bank of Florida. The Fed's financial stake in this loan was USD 33.2 m...
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