New York Fed plans test of primary dealers

06/25/2013 | Reuters

The Federal Reserve Bank of New York is poised to conduct a small test of primary dealers' readiness. "Like the earlier repo and reverse repo operational readiness exercises, this work is a matter of prudent advance planning by the Federal Reserve. The operations have been designed to have no material impact on the availability of reserves or on market rates," the New York Fed announced.

View Full Article in:

Reuters

Published in Briefs: