NY Fed trials new reverse repo facility


The Federal Reserve Bank of New York is trialling a new reverse repo facility that could help the Federal Reserve System (Fed) wrestle back control over short-term interest rates in the money market.

The Federal Open Market Committee (FOMC) first broached the possibility of establishing a "fixed-rate, full-allotment overnight reverse repurchase agreement facility" in its July meeting.

William Dudley, president of the New York Fed, says the facility will tighten the Fed's control over and reduce

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: