The Federal Reserve Bank of New York has sold the entirety of the TRIAXX CDO holdings from its Maiden Lane III portfolio to Merrill Lynch, Pierce, Fenner & Smith after a competitive bid process.

Aside from Merrill, the other eight dealers asked by the NY Fed to bid were Barclays Capital, Citigroup Global Markets, Credit Suisse, Deutsche Bank Securities, Goldman Sachs, Morgan Stanley, Nomura Securities and RBS Securities.

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