Procurement Services

Eligible Asset Guarantee Contracts

Files

Because we recognize the importance of transparency, the Federal Reserve Bank of Richmond is making available the agreements with certain suppliers related to its financial stability and liquidity activities. Please note that some information has been redacted due to confidentiality concerns. *

Ernst & Young LLP 

Although the detailed description of the scope of work set forth in this contract has been redacted due to confidentiality concerns, a general description of the scope of work is as follows: E&Y was contracted to perform due diligence services on the assets in the eligible asset guarantee portfolio to assess and evaluate the quality and accuracy of financial information provided by Bank of America Corporation and its subsidiaries.

Pacific Investment Management Company LLC 

PIMCO was contracted to perform estimated valuation and related services on one or more portfolios of assets, including securities and loans, held by Bank of America Corporation or its subsidiaries.

Cleary Gottlieb Steen & Hamilton LLP 

Cleary was contracted to provide legal services and assistance in drafting the borrowing agreements for the eligible asset guarantee with Bank of America Corporation.


* Bank of America Corporation has reimbursed the Federal Reserve Bank of Richmond for all expenses incurred in connection with the eligible asset guarantee program.