260 posts on "Financial Institutions"
January 13, 2014
Discount Window Stigma
One of the main missions of central banks is to act as a lender of last resort to the banking system.
Posted at 7:00 am in Financial Institutions | Permalink
January 8, 2014
Comparing Bank and Supervisory Stress Testing Projections
Stress tests are important tools for assessing whether financial institutions have enough capital to operate in bad economic conditions.
Posted at 7:00 am in Financial Institutions | Permalink
December 23, 2013
The Fragility of an MMF‑Intermediated Financial System
Since the financial crisis of 2007-09—and, in particular, the run on prime money market funds (MMFs) in September 2008—policymakers have been concerned that the funds’ fragility may render banks themselves more susceptible to risk.
Posted at 7:02 am in Fed Funds, Financial Institutions, Financial Intermediation | Permalink | Comments (1)
December 9, 2013
Who’s Borrowing in the Fed Funds Market?
The federal funds market plays an important role in the implementation of monetary policy.
Posted at 7:00 am in Fed Funds, Financial Institutions, Financial Markets, Monetary Policy | Permalink | Comments (2)
December 2, 2013
Who’s Lending in the Fed Funds Market?
The federal funds market is important to the framework and implementation of U.S. monetary policy.
Posted at 7:00 am in Fed Funds, Financial Institutions, Financial Markets, Monetary Policy | Permalink | Comments (2)
November 20, 2013
Intermediary Leverage Cycles and Financial Stability
The financial crisis of 2007-09 highlighted the central role that financial intermediaries play in the propagation and amplification of shocks.
Posted at 7:00 am in Financial Institutions, Financial Intermediation, Financial Markets, Systemic Risk | Permalink
October 16, 2013
Dealer Balance Sheet Capacity and Market Liquidity during the 2013 Selloff in Fixed‑Income Markets
Tobias Adrian, Michael J. Fleming, Jonathan E. Goldberg, Morgan Lewis, Fabio M. Natalucci, and Jason J. Wu Long-term interest rates hit record-low levels in 2012 but have since increased substantially. As discussed in an earlier post, the sharpest increase occurred between May 2 and July 5 of this year, with the ten-year Treasury yield rising from 1.63 percent […]
Posted at 7:02 am in Financial Institutions, Financial Markets, Liquidity | Permalink | Comments (3)
A Look at Bank Loan Performance
U.S. banks experienced a rapid rise in loan delinquencies and defaults during the 2007-09 recession, driven by rising unemployment and falling real estate prices, among other factors.
October 9, 2013
Twenty‑Eight Money Market Funds That Could Have Broken the Buck: New Data on Losses during the 2008 Crisis
Marco Cipriani, Michael Holscher, Antoine Martin, and Patrick E. McCabe During the financial crisis in 2008, just one money market fund (MMF) “broke the buck”—that is, its share price dropped below one dollar. The Reserve Primary Fund announced on September 16 that the value of its shares had dropped to 97 cents. As we discussed in […]
August 26, 2013
Information on Dealer Activity in Specific Treasury Issues Now Available
The New York Fed has long collected market information from its primary dealer trading counterparts and released these data in aggregated form to the public.
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