Global Trade Alert
Global Trade Alert

United States of America: The Federal Reserve allocates USD 10.6 million to purchase part of a loan granted to Lessing's Inc

Announcement

21 Dec 2020

In December 2020, the Federal Reserve allocated USD 10.6 million to purchase part of a commercial loan granted to Lessing's Inc the transaction was carried out under The Main Street Lending Program.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

21 Dec 2020

Revocation date:

No revocation date

Announced: 21 Dec 2020
Debt purchase In force
On 21 December 2020, the Federal Reserve ('the Fed') purchased 95% of a loan granted to Lessing's Inc extended by TriState Capital Bank. The Fed's financial stake in this loan was USD 10.6 million. Th...
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