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The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
Need to file a report with the New York Fed? Here are all of the forms, instructions and other information related to regulatory and statistical reporting in one spot.
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The New York Fed provides a wide range of payment services for financial institutions and the U.S. government.
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The New York Fed has been working with tri-party repo market participants to make changes to improve the resiliency of the market to financial stress.
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We are connecting emerging solutions with funding in three areas—health, household financial stability, and climate—to improve life for underserved communities. Learn more by reading our strategy.
The Economic Inequality & Equitable Growth hub is a collection of research, analysis and convenings to help better understand economic inequality.
The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
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No. 2200
THURSDAY, MARCH 23, 2000
NY FED USE OF EXPANDED
COLLATERAL EXTENDED BY FOMC
NEW YORK -- On March 21, the Federal Open Market Committee (FOMC) voted to approve a temporary extension through January 2001 of the expanded list of securities eligible as collateral in repurchase transactions undertaken by the Federal Reserve Bank of New York (FRBNY) in the management of banking system reserves.
At its August 24, 1999 meeting, the FOMC had approved the use of an expanded list of eligible collateral in order to improve the FRBNY's ability to address expanded reserve needs anticipated for the fourth quarter of 1999. At that time, the FOMC agreed to review the FRBNY's experience with the expanded range of eligible collateral prior to the expiration of the authorization in April of this year. At its March 21 meeting, the FOMC did review that experience and voted to extend temporarily the FRBNY's ability to accept the broader list of eligible collateral.
