The World's Bailer Outer II: Fed shows that they are willing to bailout anyone, now with their Term Auction Facility, but lists them all as US banks

We reported on how the Fed benefitted mostly foreign banks with their Commercial Paper facility.  It goes much further than that.  Via FT:
More than half of lending under the Fed’s term auction facility – the largest of its crisis programmes – went to foreign banks. Details of the varied uses to which they put it may add to political criticism of the Fed.
We have included a list of the top 25 recipients of Fed dough through their Term Auction Facility. More than half of them were foreign banks. Of course, if you see the list provided by the Federal Reserve, they all say that they are US banks, mostly based in New York. The Fed allows these banks to do this by lending to their US branch. For example when they lend to Lloyds which is based in the UK, they say that they are lending to "LLOYDS TSB BK PLC NY BR", which translated is Lloyds Bank New York branch.  So the Fed will technically lend to any bank with a nameplate in the US, by calling it a New York bank. Via Federal Reserve:

Source Federal Reserve

Their term auction facility is an asset based lending facility where they take assets and lend against those assets.  As you can see by the list of collateral assets they would lend against just about anything except the family dog.  The Fed was actually bending over backwards to give their money away. 

Collateral Assets received by the Federal Reserve:
Commercial loans
Residential mortgages
Commercial real estate loans
Consumer loans
U.S. Treasury/agency securities
Municipal securities
Corporate market instruments
MBS/CMO: agency-guaranteed
MBS/CMO: other
Asset-backed securities
International securities
U.S. Treasury, agency, and agency-guaranteed securities
AAA/Aa/AA/A/Baa/BBB -rated securities
Other investment-grade securities
Other securities at Fed's discretion


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