Announcement
19 Oct 2020
In October 2020, the Federal Reserve allocated USD 13.8 million to purchase part of a commercial loan granted to TravelPASS Group Llc the transaction was carried out under The Main Street Lending Program.
Source
Sign in to access
Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
19 Oct 2020
Revocation date:
No revocation date
Updated: 19 Oct 2020
State loan
In force
On 19 October 2020, the Federal Reserve ('the Fed') purchased 95% of a loan granted to TravelPASS Group Llc extended by First Utah Bank. The Fed's financial stake in this loan was USD 13.8 million. Th...
Sign in to see more
Threads
See all
This state act is not part of any Thread yet.