Hurricane Sandy disrupts Federal Reserve operations

Hurricane Sandy (Image - NASA)

The Federal Reserve and regional Federal Reserve banks suspended some operations and undertook temporary measures to allow the financial system to continue to function as a hurricane battered the eastern US on October 29 and 30.

The Federal Reserve Bank of New York, in one of the worst affected areas, was open on October 29, but suspended open market operations the following day. The settlement of transactions that took place on Monday was postponed until today (October 31), and purchases of Tre

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: