JPMorgan Names Fed Program Custodian

03 Feb 2009

JPMorgan Chase has been named custodian of the Federal Reserve program to purchase $500 billion in mortgage-backed securities.

JPMorgan Chase has been named custodian of the Federal Reserve program to purchase $500 billion in mortgage-backed securities. The four investment managers for the program—selected bad on operational capacity, size and overall experience in the MBS market—are BlackRock Financial Management, Goldman Sachs Asset Management, Pacific Investment Management Co. ...

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