New York Fed to offer $1 trillion per day in repo funding

New York Fed
Jazz Guy

The Federal Reserve Bank of New York has just announced it will provide up to $1 trillion per day in repo funding over the next month.

The open markets desk will conduct two $500 billion operations – one in the morning and one in the afternoon – each business day until April 13.

Banks’ demand for repo funding has been reliably low and stable this week, but the move sends the message that the Fed stands ready to meet virtually any increase in demand over the coming months.

“This action is

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: