June Fed moments — banking institutions may use T-Bills as security for extra reserves

June Fed moments — banking institutions may use T-Bills as security for extra reserves The mins through the June 18-19 Fed conference show that the Fed is considering enabling banking institutions to make use of security, such as for instance T-Bills for extra reserves. They have been considering starting a repo center that essentially leads to banking institutions just posting T-Bills alternatively of money for extra reserves. The mins expose quantity of advantages and disadvantages utilizing the approach. It will...

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