Announcement
01 Oct 2020
In October 2020, the Federal Reserve allocated USD 23.8 million to purchase part of a commercial loan granted to Palm Beach Tan 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
01 Oct 2020
Revocation date:
No revocation date
Updated: 01 Oct 2020
State loan
In force
On 1 October 2020, the Federal Reserve ('the Fed') purchased 95% of a loan granted to Palm Beach Tan Inc extended by PNC Bank National Association. The Fed's financial stake in this loan was USD 23.8 ...
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