Maiden Lane III LLC: Security Offerings

In light of improving market conditions, Maiden Lane III LLC’s investment objective was revised in April 2012 to allow for the exploration of sales of the assets held in the portfolio. There was no fixed timeframe for the sales; at each stage, the Federal Reserve sold an asset through a competitive process and only if the best available bid represented good value for the public, while taking appropriate care to avoid market disruption. On August 23, 2012, Maiden Lane III LLC completed the sale of its remaining securities.
Security Offerings
Deal Name:

Ayresome CDO I, LTD.

Offering Circulation Date:

August 9, 2012

Bid Submission Deadline:

August 23, 2012

CUSIPs:

05473WAA4

Current Face Amount1:

$48,166,499

Broker-dealers Included in Auction:

Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Guggenheim Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, RBS Securities Inc.

Sold To:

Credit Suisse Securities (USA) LLC

Trade Date:

August 23, 2012



Deal Name:

Bluegrass ABS CDO II LTD.

Offering Circulation Date:

August 9, 2012

Bid Submission Deadline:

August 23, 2012

CUSIPs:

09622WAL2, 09622WAM0

Current Face Amount1:

$92,495,048

Broker-dealers Included in Auction:

Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Guggenheim Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, RBS Securities Inc.

Sold To:

Credit Suisse Securities (USA) LLC

Trade Date:

August 23, 2012



Deal Name:

Diogenes CDO I LTD.

Offering Circulation Date:

August 9, 2012

Bid Submission Deadline:

August 23, 2012

CUSIPs:

25454VAA7

Current Face Amount1:

$168,393,603

Broker-dealers Included in Auction:

Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Guggenheim Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, RBS Securities Inc.

Sold To:

Citigroup Global Markets Inc.

Trade Date:

August 23, 2012



Deal Name:

Dunhill ABS CDO, LTD.

Offering Circulation Date:

August 9, 2012

Bid Submission Deadline:

August 23, 2012

CUSIPs:

26545QAQ2, 26545QAA7

Current Face Amount1:

$91,376,425

Broker-dealers Included in Auction:

Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Guggenheim Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, RBS Securities Inc.

Sold To:

Credit Suisse Securities (USA) LLC

Trade Date:

August 23, 2012



Deal Name:

Gemstone CDO III, LTD.

Offering Circulation Date:

August 9, 2012

Bid Submission Deadline:

August 23, 2012

CUSIPs:

36868AAC6

Current Face Amount1:

$68,202,933

Broker-dealers Included in Auction:

Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Guggenheim Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, RBS Securities Inc.

Sold To:

Credit Suisse Securities (USA) LLC

Trade Date:

August 23, 2012



Deal Name:

Gemstone CDO IV, LTD.

Offering Circulation Date:

August 9, 2012

Bid Submission Deadline:

August 23, 2012

CUSIPs:

36868BAA8

Current Face Amount1:

$229,979,893

Broker-dealers Included in Auction:

Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Guggenheim Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, RBS Securities Inc.

Sold To:

Merrill Lynch, Pierce, Fenner & Smith Incorporated

Trade Date:

August 23, 2012



Deal Name:

Ischus CDO II LTD.

Offering Circulation Date:

August 9, 2012

Bid Submission Deadline:

August 23, 2012

CUSIPs:

46426RAA7, 46426RAB5

Current Face Amount1:

$171,146,040

Broker-dealers Included in Auction:

Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Guggenheim Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, RBS Securities Inc.

Sold To:

Merrill Lynch, Pierce, Fenner & Smith Incorporated

Trade Date:

August 23, 2012



Deal Name:

Independence VI CDO, LTD.

Offering Circulation Date:

August 9, 2012

Bid Submission Deadline:

August 23, 2012

CUSIPs:

45377TAA4

Current Face Amount1:

$338,677,613

Broker-dealers Included in Auction:

Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Guggenheim Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, RBS Securities Inc.

Sold To:

Merrill Lynch, Pierce, Fenner & Smith Incorporated

Trade Date:

August 23, 2012



Deal Name:

Lexington Capital Funding, LTD.

Offering Circulation Date:

August 9, 2012

Bid Submission Deadline:

August 23, 2012

CUSIPs:

52902TAC0, 52902TAE6

Current Face Amount1:

$122,454,979

Broker-dealers Included in Auction:

Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Guggenheim Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, RBS Securities Inc.

Sold To:

RBS Securities Inc.

Trade Date:

August 23, 2012



Deal Name:

MKP CBO IV, LTD.

Offering Circulation Date:

August 9, 2012

Bid Submission Deadline:

August 23, 2012

CUSIPs:

553121AA2

Current Face Amount1:

$78,924,166

Broker-dealers Included in Auction:

Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Guggenheim Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, RBS Securities Inc.

Sold To:

RBS Securities Inc.

Trade Date:

August 23, 2012



Deal Name:

MKP CBO V, LTD.

Offering Circulation Date:

August 9, 2012

Bid Submission Deadline:

August 23, 2012

CUSIPs:

55312WAA4

Current Face Amount1:

$369,642,515

Broker-dealers Included in Auction:

Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Guggenheim Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, RBS Securities Inc.

Sold To:

Credit Suisse Securities (USA) LLC

Trade Date:

August 23, 2012



Deal Name:

Montauk Point CDO, LTD.

Offering Circulation Date:

August 9, 2012

Bid Submission Deadline:

August 23, 2012

CUSIPs:

612180AA7

Current Face Amount1:

$222,630,076

Broker-dealers Included in Auction:

Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Guggenheim Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, RBS Securities Inc.

Sold To:

Merrill Lynch, Pierce, Fenner & Smith Incorporated

Trade Date:

August 23, 2012



Deal Name:

Neptune CDO 2004-1 LTD.

Offering Circulation Date:

August 9, 2012

Bid Submission Deadline:

August 23, 2012

CUSIPs:

640699AA2

Current Face Amount1:

$154,180,870

Broker-dealers Included in Auction:

Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Guggenheim Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, RBS Securities Inc.

Sold To:

RBS Securities Inc.

Trade Date:

August 23, 2012



Deal Name:

Neptune CDO II LTD.

Offering Circulation Date:

August 9, 2012

Bid Submission Deadline:

August 23, 2012

CUSIPs:

64069RAA2

Current Face Amount1:

$132,746,120

Broker-dealers Included in Auction:

Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Guggenheim Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, RBS Securities Inc.

Sold To:

Merrill Lynch, Pierce, Fenner & Smith Incorporated

Trade Date:

August 23, 2012



Deal Name:

Pine Mountain CDO, LTD.

Offering Circulation Date:

August 9, 2012

Bid Submission Deadline:

August 23, 2012

CUSIPs:

722694AA4

Current Face Amount1:

$154,917,425

Broker-dealers Included in Auction:

Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Guggenheim Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, RBS Securities Inc.

Sold To:

Merrill Lynch, Perce, Fenner & Smith Incorporated

Trade Date:

August 23, 2012



Deal Name:

River North CDO LTD.

Offering Circulation Date:

August 9, 2012

Bid Submission Deadline:

August 23, 2012

CUSIPs:

768277AA3

Current Face Amount1:

$82,094,562

Broker-dealers Included in Auction:

Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Guggenheim Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, RBS Securities Inc.

Sold To:

Morgan Stanley & Co. LLC

Trade Date:

August 23, 2012



Deal Name:

Sherwood Funding CDO, LTD.

Offering Circulation Date:

August 9, 2012

Bid Submission Deadline:

August 23, 2012

CUSIPs:

82437RAA9

Current Face Amount1:

$204,498,459

Broker-dealers Included in Auction:

Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Guggenheim Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, RBS Securities Inc.

Sold To:

Morgan Stanley & Co. LLC

Trade Date:

August 23, 2012



Deal Name:

Sherwood Funding CDO II, LTD.

Offering Circulation Date:

August 9, 2012

Bid Submission Deadline:

August 23, 2012

CUSIPs:

82437XAA6

Current Face Amount1:

$275,608,959

Broker-dealers Included in Auction:

Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Guggenheim Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, RBS Securities Inc.

Sold To:

Morgan Stanley & Co. LLC

Trade Date:

August 23, 2012



Deal Name:

Straits Global ABS CDO I, LTD.

Offering Circulation Date:

August 9, 2012

Bid Submission Deadline:

August 23, 2012

CUSIPs:

86258PAA0

Current Face Amount1:

$30,370,495

Broker-dealers Included in Auction:

Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Guggenheim Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, RBS Securities Inc.

Sold To:

Morgan Stanley & Co. LLC

Trade Date:

August 23, 2012



Deal Name:

TABS 2005-4, LTD.

Offering Circulation Date:

August 9, 2012

Bid Submission Deadline:

August 23, 2012

CUSIPs:

87337UAA2

Current Face Amount1:

$200,701,628

Broker-dealers Included in Auction:

Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Guggenheim Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, RBS Securities Inc.

Sold To:

Morgan Stanley & Co. LLC

Trade Date:

August 23, 2012



Deal Name:

Vertical ABS CDO 2005-1, LTD.

Offering Circulation Date:

August 9, 2012

Bid Submission Deadline:

August 23, 2012

CUSIPs:

92534EAA9

Current Face Amount1:

$192,516,234

Broker-dealers Included in Auction:

Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Guggenheim Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, RBS Securities Inc.

Sold To:

Merrill Lynch, Pierce, Fenner & Smith Incorporated

Trade Date:

August 23, 2012



1Current face amount represents the most recent balance of principal outstanding on the securities at the Offering Circulation Date and should not be confused with market value or the price ML III paid to acquire the assets. At October 31, 2008, inception, the ML III LLC paid $29.3 billion for the portfolio of assets with a face amount of approximately $62.1 billion.

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