Announcement
24 Nov 2020
In November 2020, the Federal Reserve allocated USD 17.2 million to purchase part of a commercial loan granted to Sequim Lodging Corporation 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
24 Nov 2020
Revocation date:
No revocation date
Updated: 24 Nov 2020
State loan
In force
On 24 November 2020, the Federal Reserve ('the Fed') purchased 95% of a loan granted to Sequim Lodging Corporation extended by First Federal Savings and Loan Association of Port Angeles. The Fed's fin...
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