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Bankruptcy trustee Marc Kirschner had argued unsuccessfully that syndicated loans, a type of debt product sold to a group of lenders, are subject to regulation as securities.
Loan notes are not currently considered securities, so a ruling against JPMorgan would have had sweeping ramifications for regulation of the leveraged loan market.
The FDIC is paying the Federal Reserve interest on credit lines to hold the securities, and holding the assets for a long time brings other difficulties.
The Fed has led the charge, offering to buy unlimited amounts of U.S. government bonds and mortgage-backed securities -- and lend trillions more to corporations and municipalities through temporary purchases of their obligations -- as global investors seek to unwind years worth of accumulated leverage in their own portfolios.