State of the Industry Briefing
Our leadership will provide an update on key trends in the capital markets as well as an overview of SIFMA's…
The Federal Reserve continues to support the U.S. economic recovery by increasing its holdings of Treasury and agency mortgage-backed securities to help foster smooth market functioning and accommodative financial conditions.
As a result of this balance sheet expansion, reserves in the banking system have risen to unprecedented levels and money market rates have softened. In this environment, interest on reserve balances and the overnight reverse repo will maintain control over the federal funds rate and support effective policy implementation.
On April 15, Lorie K. Logan, Manager of the System Open Market Account and Executive Vice President in the Markets Group of the New York Fed, discussed the impact of abundant reserves on money markets and policy implementation with SIFMA president and CEO Kenneth E. Bentsen, Jr. Following the session with Ms. Logan, a panel explored the U.S. Treasury market structure and emerging policy proposals.
Watch the replays now:
Read Ms. Logan’s prepared remarks:
Impact of Abundant Reserves on Money Markets and Policy Implementation
This panel was moderated by SIFMA’s Robert Toomey.
The Federal Reserve continues to support the U.S. economic recovery by increasing its holdings of Treasury and agency mortgage-backed securities to help foster smooth market functioning and accommodative financial conditions.
As a result of this balance sheet expansion, reserves in the banking system have risen to unprecedented levels and money market rates have softened. In this environment, interest on reserve balances and the overnight reverse repo will maintain control over the federal funds rate and support effective policy implementation.
On April 15, Lorie K. Logan, Manager of the System Open Market Account and Executive Vice President in the Markets Group of the New York Fed, discussed the impact of abundant reserves on money markets and policy implementation with SIFMA president and CEO Kenneth E. Bentsen, Jr. Following the session with Ms. Logan, a panel explored the U.S. Treasury market structure and emerging policy proposals.
Watch the replays now:
Read Ms. Logan’s prepared remarks:
Impact of Abundant Reserves on Money Markets and Policy Implementation
This panel was moderated by SIFMA’s Robert Toomey.