Fed Opens Repo Facility for Foreign Central Banks and Monetary Authorities
Fed Opens Repo Facility for Foreign Central Banks and Monetary Authorities 1The Federal Reserve has established a temporary repurchase agreement facility for foreign and international monetary authorities (FIMA). The move, announced Tuesday, is designed to “support the smooth functioning of financial markets, including the U.S. Treasury market, and thus maintain the supply of credit to U.S. households and businesses.
News story posted on 2020-03-31T23:45:00.0000000Z