Fed Expands Eligibility For Monetary Tightening Deals

Law360, New York (August 16, 2012, 2:35 PM EDT) -- The Federal Reserve Bank of New York on Thursday expanded the list of government-sponsored enterprises that will be allowed to engage in bond and securities trades when the central bank begins to unload securities it bought up in order to support the floundering economy.

The central bank branch charged with overseeing Wall Street said that government-sponsored enterprises that engage in at least $1 billion in reverse repurchase transactions each day over the previous three months could be eligible to participate in RRP transactions with the New...
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