Counterparties

The New York Fed transacts with counterparties to implement the monetary and foreign exchange policy objectives of the Federal Reserve and Treasury.

The Federal Reserve Bank of New York Policy on Counterparties lays out expectations that apply to all counterparties across all market operations.

Expectations and eligibility requirements for counterparties with respect to specific types of operations are detailed on the specific counterparty pages with links on the right.

Learn more in the FAQs.