The Federal Reserve Bank of New York said today that Citigroup had won the latest bidding process for another portion of the Maiden Lane III portfolio.

The latest sale included $1.6 billion of CDOs tied to home loans known as Duke Funding High Grade I Ltd.

The auction was originally scheduled for last Thursday but was postponed after the Fed became aware that there was additional information concerning the Duke CDO that had not been made available to the bidders.

Citigroup also emerged as winning bidder earlier this week on the auction of $691 million in assets from the Putnam CDOs in the Maiden Lane III portfolio.

Broker-dealers participating in the auction today also included  Deutsche Bank Securities, Goldman Sachs, Guggenheim Securities, Merrill Lynch, Morgan Stanley and RBS Securities.

The Fed revised its investment objective for the Maiden Lane III’s portfolio in April 2012 to allow for the exploration of sales of the assets held in the portfolio.   

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