Brian Begalle, Adam Copeland, Antoine Martin, Jamie McAndrews, and Susan McLaughlin Repurchase agreement (repo) markets played an important role in the 2007-09 financial crisis in the United States, and much discussion since then has focused on the role of repo haircuts. A repo is essentially a loan collateralized by securities. Typically, the value of the […]
August 19, 2013
August 16, 2013
Transparency and Sources of Information on the Federal Reserve’s Operations, Income, and Balance Sheet
This week-long series examined the evolution of the Federal Reserve’s securities portfolio and its performance over time.
August 15, 2013
More Than Meets the Eye: Some Fiscal Implications of Monetary Policy
In 2012, the Fed’s remittances to the U.S. Treasury amounted to $88.4 billion.
August 14, 2013
Just Released: Who Is Driving the Auto Lending Recovery?
This morning, the New York Fed released its Quarterly Report on Household Debt and Credit for the second quarter of 2013.
Posted at 11:00 am in Household Finance | Permalink
What If? A Counterfactual SOMA Portfolio
The Federal Open Market Committee (FOMC) has actively used changes in the size and composition of the System Open Market Account (SOMA) portfolio to implement monetary policy in recent years.
August 13, 2013
A History of SOMA Income
Historically, the Federal Reserve has held mostly interest-bearing securities on the asset side of its balance sheet and, up until 2008, mostly currency on its liability side, on which it pays no interest.
Posted at 7:00 am in Fiscal Policy | Permalink
August 12, 2013
The SOMA Portfolio through Time
The System Open Market Account (SOMA) is a portfolio held by the Federal Reserve to support monetary policy implementation and reflects assets and liabilities (domestic, and some foreign) acquired through open market operations.
August 9, 2013
Historical Echoes: Off the Charts!
The visual representation of information, knowledge, or data has been around since the time of the caveman.
Posted at 7:00 am in Historical Echoes | Permalink
August 7, 2013
Could Superstorm Sandy Stimulate the Region’s Economy?
The New York metro region’s recovery from Superstorm Sandy is well under way.
August 5, 2013
The Recent Bond Market Selloff in Historical Perspective
Long-term Treasury yields have risen sharply in recent months.
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