Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:The Fed Finds Three Big Counterparts Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, March 9, 2010

The Fed Finds Three Big Counterparts

News summary by MFWire's editors

The Federal Reserve Bank of New York has found at least three powerful partners for its "reverse repurchase agreement transactions" initiative. The Wall Street Journal's Daisy Maxey reported today that Vanguard Group, Fidelity Investments and Federated Investments have said they'd like to help the Fed control liquidity in the financial market.

By using securities like Treasurys, the reverse-repo program is designed to relieve the market of some of the $1 trillion the Fed put into the market during the economic crisis. The news of Vanguard, Fidelity and Federated's involvement come after The Federal Reserve's official call-to-arms Monday.

"We would enthusiastically want to take a look at these transactions for our portfolios," David Glocke, manager of the Vanguard Group's money funds, told The Journal. "It's a great alternative to other transactions that we already do."

"We do view this as a positive step for cash markets," a Federated spokeswoman said in the article. 

Edited by: Daniel Tovrov


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use