Tag Archives: economics
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
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
New York Fed Releases Second Round of RRP Eligibility Criteria and Application for Banks and Savings Associations
Following the announcement yesterday of the first round of banks and savings associations as reverse repo counterparties, today the New York Fed posted the second round of Reverse Repurchase Agreement Eligibility Criteria and Application for Banks and Savings Associations.
New York Fed releases expanded reverse repo counterparties list
Effective December 1, 2011, the New York Fed has expanded its list of reverse repo counterparties.
New York Fed’s quarterly report on household debt and credit shows consumer debt fell in third quarter
New York Feds quarterly report on household debt and credit shows consumer debt fell in third quarter
Empire State Manufacturing Survey shows conditions for New York manufacturers held steady in November
After a string of five consecutive months of negative readings, the general business conditions index rose nine points, to 0.6.
New York Fed releases tentative outright Treasury operation schedule
New York Fed releases tentative outright Treasury operation schedule
Primary dealers list updated
BMO Capital Markets Corp.