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Thursday, October 23, 2008

Fed Marks Down Bear Stearns Assets by $2.7 Billion

by Calculated Risk on 10/23/2008 08:09:00 PM

The Fed has marked down the Bear Stearns assets from $29,526 million to $26,802 million this week. This is a mark down of $2.7 billion or 9.2%. The Fed is now underwater by a little over $2 billion plus lost interest.

Today:

2. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Oct 22, 2008

Net portfolio holdings of Maiden Lane LLC (1)26,802
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)28,820
Accrued interest payable to the Federal Reserve Bank of New York (2)205
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)1,175
Last week:
2. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Oct 15, 2008

Net portfolio holdings of Maiden Lane LLC (1)29,526
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)28,820
Accrued interest payable to the Federal Reserve Bank of New York (2)195
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)1,174