Category Archives: Media
New York Fed Acquires Maiden Lane Building
The Federal Reserve Bank of New York (New York Fed) today announced that it has acquired the building at 33 Maiden Lane for $207.5 million from Merit US Real Estate Fund III, L.P. and established a new, wholly owned limited liability company called Maiden and Nassau LLC to serve as owner of the building.
Statement Regarding Reverse Repurchase Agreements
As noted in the October 19, 2009, Statement Regarding Reverse Repurchase Agreements, the Federal Reserve Bank of New York has been working internally and with market participants on operational aspects of triparty reverse repurchase agreements to ensure that this tool will be ready to support any reserve draining operations that the Federal Open Market Committee might direct. Beginning Wednesday, February 29, the New York Fed intends to conduct another series of small-scale reverse repurchase (repo) transactions using all eligible collateral types. The first operations will be conducted with the newest expanded reverse repo counterparties-the 8 banks announced on December 1, 2011-as well as the two new primary dealers announced on October 4, 2011
Delinquent Debt Shrinks while Real Estate Debt Continues
Aggregate consumer debt fell $126 billion to $11.53 trillion in the fourth quarter of 2011 according to the Federal Reserve Bank of New York’s latest Quarterly Report on Household Debt and Credit, a 1.1 percent decrease from the $11.66 trillion reported in the prior quarter’s findings.
Fed actions supported liquidity in clearing and settlement system
The latest New York Feds EPR, Settlement Liquidity and Monetary Policy Implementation Lessons from the Financial Crisis observes how smoothly the U.S. dollar clearing and settling system performed during and after the financial crisis
Monetary and Fiscal Policies Implemented during Global Recession Raised Expectations of a Recovery
Policy Initiatives in the Global Recession: What Did Forecasters Expect?
Statement on the release of the Tri-party Repo Infrastructure Reform Task Force’s final report
Statement on the release of the Tri-party Repo Infrastructure Reform Task Force’s final report
Change to the SOMA Securities Lending Program
Consistent with the latest revision to section 3 of the FOMC authorization for domestic open market operations, the Federal Reserve Bank of New York may lend securities on longer than an overnight basis to accommodate weekend, holiday and similar trading conventions.
February Empire State Manufacturing Survey indicates manufacturing activity in New York State expanded for third consecutive month
The general business conditions index rose six points to 19.5, its highest level in more than a year
U.S. Monetary Authorities Did Not Intervene in FX Markets during the Fourth Quarter
The U.S. monetary authorities did not intervene in the foreign exchange markets during the October – December quarter, the Federal Reserve Bank of New York said today in its quarterly report to the U.S. Congress.
New York Fed Sells $6.2 Billion in Face Amount of Maiden Lane II LLC Assets
New York Fed Sells $6.2 Billion in Face Amount of Maiden Lane II LLC Assets