Published: Tue, 03 Feb 2009 15:21:33 +0100
JPMorgan Selected as Custodian for Fed's MBS Repurchase Program
The Fed also selected Blackrock Financial Management, Goldman Sachs Asset Management, Pacific Investment Management and Wellington Management Company to manage the Fed's assets.
The firms will manage assets backed by Fannie Mae, Freddie Mac and Ginnie Mae via a facility set up in November 2008 to provide relief to the banking system.
By Erik Kevin Franco, efranco@economicnews.ca, edited by Stephen Huebl, shuebl@economicnews.ca
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