Announcement
23 Dec 2020
In December 2020, the Federal Reserve allocated USD 11.1 million to purchase part of a commercial loan granted to Legacy Apple 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
23 Dec 2020
Revocation date:
No revocation date
Updated: 23 Dec 2020
State loan
In force
On 23 December 2020, the Federal Reserve ('the Fed') purchased 95% of a loan granted to Legacy Apple Llc extended by Equity Bank. The Fed's financial stake in this loan was USD 11.1 million. The trans...
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