Federal Reserve Alert! Statement Regarding Standing Repo (RRP) Facility Counterparty Eligibility Criteria.

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by Dismal-Jellyfish


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The requirement for these institutions to have total U.S. Treasury, agency debt and agency mortgage-backed securities holdings equal to or greater than $5 billion or total assets equal to or greater than $30 billion is being reduced to $2 billion and $10 billion, respectively.

All other eligibility criteria and expectations remain the same.

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This seems like it implies that their assets are drying up. Why else would you lower the requirement? Oh boy…buckle up!



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