Central Banking

Citibank launch c bank securities lending program

US - Citibank Worldwide Securities Services has launched a lending program for central banks.

Citibank said the first program under a new Federal Reserve Bank of New York initiative was established for an Asian central bank, which took advantage of the new facility to further capitalize on its investment opportunities and enhance investment yields.

Before this initiative, the Federal Reserve Bank of New York didn't permit any party other than the owner of securities to give instructions on an

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