Announcement
28 Dec 2020
In December 2020, the Federal Reserve allocated USD 10.3 million to purchase part of a commercial loan granted to Allied Telecom 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
28 Dec 2020
Revocation date:
No revocation date
Updated: 28 Dec 2020
State loan
In force
On 28 December 2020, the Federal Reserve ('the Fed') purchased 95% of a loan granted to Allied Telecom Group Llc extended by Quaint Oak Bank. The Fed's financial stake in this loan was USD 10.3 millio...
Sign in to see more
Threads
See all
This state act is not part of any Thread yet.