After the Federal Reserve Bank of New York made its initial offering in late April of its Maiden Lane III (ML III) holdings, it sold about 58% ($28 billion) of the portfolio, Barclays Capital analysts said in their most recent Securitized Products Weekly.

The Fed is planning to put on offer another 23% ($11 billion) of the ML III original portfolio in the next three weeks. If these transactions are successful, only roughly 19% or $9 billion in notional terms of the original portfolio will be left with ML III, they said.

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