The Federal Reserve Bank of New York plans to sell $7 billion from its Maiden Lane III portfolio which will include assets from seven CDOs .

The Fed began accepting bids from a consortium of broker dealers on the newest CDOs it plans to sell from MLIII. The CDO included in next week's sale are Altius I Funding, LTD. and Altius II; Davis Square Funding II; Davis Square Funding III; Davis Square Funding IV; Davis Square Funding V and West Coast Funding I.

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