Not exact matches
Thus, the
Desk was able to target a rate in one part of the unsecured
market by conducting small secured
operations as needed with primary dealers.
However, financial firms with large capital
market operations and merger - and - acquisition
desks are thriving.
7 Of course, the
Desk also controlled the level of reserves through permanent open
market operations.
The eligible collateral for the
Desk's repo and reverse repo
operations is set forth in the FOMC's Authorization for Domestic Open
Market Operations.
As such, they play a much more limited role in the New York Fed Trading
Desk's (
Desk's)
operations than primary dealers, which may serve as counterparties in all of the
Desk's domestic open
market operations.
As such, they play a much more limited role in the
Desk's
operations than primary dealers, which may serve as counterparties in all of the
Desk's domestic open
market operations.
This role includes the obligations to: (i) participate consistently in open
market operations to carry out U.S. monetary policy pursuant to the direction of the Federal Open Market Committee (FOMC); and (ii) provide the New York Fed's trading desk with market information and analysis helpful in the formulation and implementation of monetary p
market operations to carry out U.S. monetary policy pursuant to the direction of the Federal Open
Market Committee (FOMC); and (ii) provide the New York Fed's trading desk with market information and analysis helpful in the formulation and implementation of monetary p
Market Committee (FOMC); and (ii) provide the New York Fed's trading
desk with
market information and analysis helpful in the formulation and implementation of monetary p
market information and analysis helpful in the formulation and implementation of monetary policy.