Governance risk begins where trust decays.
SRF Standing Repo Facility
When the SRF began AM AND PM twice a day (May 9 2025)
https://lnkd.in/eDY2Kf79
8th Short-Term Funding Markets Conference
May 9, 2025
Federal Reserve Board, Washington, D.C.
How will the Desk communicate SRF operation results?
After the completion of an SRF operation, the Desk publishes a summary of the results that provides the total amount submitted, total amount accepted, and weighted-average award rate by security type, as well as the stop-out rate, high rate, and low rate of propositions for each security type.
Standing Repo Facility
ParametersSchedule:
Every business day from 1:30 p.m. to 1:45 p.m. (ET), unless otherwise stated
Aggregate operation limit:$500 billion
Proposition limit:Two propositions per eligible security type, subject to a $20 billion maximum per proposition
Minimum bid rate:4.50 percent
Eligible counterparties:
Primary dealers and SRF counterparties, which include depository institutions
Eligible securities:
U.S. Treasuries, agency debt, and agency mortgage-backed securities (for additional details on the security types see Repo Securities Schedule)
https://lnkd.in/eR9279wx
NY Fed Plans to Offer Regular Early Repo Operations, Perli Says
The Federal Reserve Bank of New York plans on making early-settlement operations for a key liquidity facility part.
https://lnkd.in/e2PDv6eS
A few other speeches or discussions worth review:
Finance and Economics Discussion Series
Federal Reserve Board, Washington, D.C.
ISSN 1936-2854 (Print)
Rewiring repo
Jin-Wook Chang, Elizabeth Klee, Vladimir Yankov
2025-013
https://lnkd.in/ekujEyv2
May 14, 2025
The Role of Economic Research in Central Banking
Governor Christopher J. Waller
At the Award Ceremony for the Winners of the Bank Al-Maghrib Prize for Economic and Financial Research, Bank of Al-Maghrib, Rabat, Morocco
https://lnkd.in/eU2c2hGR
May 12, 2025
Economic Outlook
Governor Adriana D. Kugler
https://lnkd.in/eUqdxeT4
May 15, 2025
Chair Jerome H. Powell
At the Second Thomas Laubach Research Conference, hosted by the Federal Reserve Board, Washington, D.C.
https://lnkd.in/enatGRXS
Trust in government
Countries face a crisis of trust which becomes increasingly concerning amid economic downturns, health emergencies and other crises. Since democracies require citizen trust in government to function effectively, the OECD Trust Survey provides governments with the data, tools and solutions necessary to assess trust in public institutions, understand long-term trends and enable them to take direct policy action, targeted at the root causes of low trust.
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