U.S. Federal Reserve launched new measures to take away from the financial system, the pace of surplus funds for preparation. Federal Reserve Bank of New York, will be increasing its involvement in reverse repurchase transactions, the number of financial institutions.
The bank also said that this arrangement should not be regarded as a signal of monetary policy changes.
Federal Reserve Board Chairman Ben Bernanke said last month announced delisting arrangement, the Federal Reserve Board will first use of reverse repurchase agreements and certificates of deposit to financial institutions for sale tools such as opt-out of a small amount of funds from the banking system, thereby doing a good job for the market psychologically prepared to take away the money only after increasing the intensity.
Federal Reserve Bank of New York only works with the usual bond dealers reverse repurchase transactions. However, according to the latest arrangements, the net asset value for 6 months more than 20 billion U.S. dollars in the local open-ended investment company, can apply for participation in trading.
New York Federal Reserve Bank may later accept more types of financial institutions in the reverse repurchase transactions.