Announcement
06 Jan 2021
In January 2021, the Federal Reserve allocated USD 10.4 million to purchase part of a commercial loan granted to Texas Tissue Converting 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
06 Jan 2021
Revocation date:
No revocation date
Announced: 06 Jan 2021
Debt purchase
In force
On 6 January 2021, the Federal Reserve ('the Fed') purchased 95% of a loan granted to Texas Tissue Converting Llc extended by Spirit of Texas Bank SSB. The Fed's financial stake in this loan was USD 1...
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