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 14, 2013
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.
July 22, 2013
Just Released: Mapping Changes in School Finances
This morning, the New York Fed released a set of interactive maps and charts illuminating school finances in New York and New Jersey.
Posted at 7:02 am in Education, Fed Funds, New York, Recession, Regional Analysis | Permalink | Comments (1)
Distressed Residential Real Estate: Dimensions, Impacts, and Remedies
On October 5, 2012, the Federal Reserve Bank of New York and the Rockefeller Institute of Government co-hosted the conference “Distressed Residential Real Estate: Dimensions, Impacts, and Remedies.”
July 19, 2013
Historical Echoes: “Happy Days” and Little Green Pieces of Paper
In 1965, Baby-Boomer kids may have been treated to TV footage of a high-stepping chorus line and thousands of people cheering to the background tune “Happy Days Are Here Again.”
Posted at 7:00 am in Historical Echoes | Permalink
July 17, 2013
Magnifying the Risk of Fire Sales in the Tri‑Party Repo Market
The fragility inherent in the tri-party repo market came to light during the 2008-09 financial crisis.
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