NY Fed extends triparty collateral for repos

The Federal Reserve on Jan. 31, 2001, extended for another year the use of agency debt and mortgage-backed securities as collateral, along with U.S. Treasuries, for repurchase agreements in daily open market operations. The Fed's policy-setting arm originally approved in August 1999 an expansion to include agencies and mortgage-backed securities (MBS) as collateral the New York Fed could accept for repos - the main method by which the Fed temporarily adjusts the amount of reserves in the banking

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