NY Fed increases repo operations in new bid to tackle funding squeeze

federal-reserve-bank-new-york

The Federal Reserve expanded its repo market operations today (March 12) for the second time this week, as it and the US government attempted to minimise the effects of the coronavirus outbreak.

Banks will now have access to $175 billion in funding overnight until April 13, the Federal Reserve Bank of New York announced – up from $150 billion from March 9, and $100 billion since mid-February.

The Fed also announced three new one-month term repo operations, with up to $50 billion of funding

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: