Fed Reserve Announces Establishment of Temporary FIMA Repo Facility to Help Support Smooth Functioning of Financial Markets
April 01, 2020
April 01, 2020
WASHINGTON, April 1 -- The Federal Reserve issued the following monetary policy document on March 31:
The Federal Reserve on Tuesday announced the establishment of a temporary repurchase agreement facility for foreign and international monetary authorities (FIMA Repo Facility) to help 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. The FIMA Repo Facility will allow FIMA . . .
The Federal Reserve on Tuesday announced the establishment of a temporary repurchase agreement facility for foreign and international monetary authorities (FIMA Repo Facility) to help 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. The FIMA Repo Facility will allow FIMA . . .