Announcement
12 Nov 2020
In November 2020, the Federal Reserve allocated USD 16.1 million to purchase part of a commercial loan granted to Thomas USAF Group LLC 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
12 Nov 2020
Revocation date:
No revocation date
Announced: 12 Nov 2020
Debt purchase
In force
On 12 November 2020, the Federal Reserve ('the Fed') purchased 95% of a loan granted to Thomas USAF Group LLC extended by Metro City Bank. The Fed's financial stake in this loan was USD 16.1 million. ...
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