Exhibit 791

New York Fed: Primary Market Corporate Credit Facility (vendors section)

Exhibit 791 · Agency web page

New York Fed: Primary Market Corporate Credit Facility (vendors section)

On March 24, 2020, the New York Fed retained BlackRock Financial Markets Advisory as a third-party vendor to serve as the investment manager for this facility.

States the retention and the reasons for selecting BlackRock, and that on 6 January 2021 the New York Fed notified BlackRock it was ending the relationship effective 5 February 2021. State Street was retained 15 April 2020 as custodian and administrator after a request for proposals. Treasury made an equity investment in the SPV (Corporate Credit Facilities LLC); the SPV returned that equity in January and September 2021 and was terminated 17 December 2021.

Source: Federal Reserve Bank of New York
Date: Page opened 10 November 2026 (facility announced 23 March 2020)
Quoted from: Vendors section
Grade: Primary record
Document: https://www.newyorkfed.org/markets/primary-market-corporate-credit-facility
Accessed: 2026-11-09
Cited by: Findings citing this exhibit

Cited by

Finding POL-8.9: Primary record On 24 March 2020 the New York Fed retained BlackRock Financial Markets Advisory as investment manager of the corporate credit facilities, and in February 2021 it ended or replaced BlackRock's roles. The published agreement of 11 May 2020 made BlackRock a fiduciary, barred fees on the facility's ETF holdings including BlackRock ETFs, and required neutral treatment of BlackRock ETFs.