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14 posts on "crisis"
March 7, 2016

Banking Deserts, Branch Closings, and Soft Information

Donald P. Morgan, Maxim L. Pinkovskiy, and Bryan Yang

U.S. banks have shuttered nearly 5,000 branches since the financial crisis, raising concerns that more low-income and minority neighborhoods may be devolving into “banking deserts” with inadequate, or no, mainstream financial services.

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Posted at 7:00 am in Banks, Crisis, Financial Institutions, Household Finance, Regulation | Permalink
August 25, 2014

Turnover in Fedwire Funds Has Dropped Considerably since the Crisis, but It’s Okay

Rod Garratt, Antoine Martin, and James J. McAndrews

Funds Service is a large-value payment system, operated by the Federal Reserve Bank of New York, that facilitates more than $3 trillion a day in payments.

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Posted at 7:00 am in Crisis, Fed Funds, Financial Institutions, Liquidity | Permalink
November 7, 2012

Federal Reserve Liquidity Facilities Gross $22 Billion for U.S. Taxpayers

Michael J. Fleming

During the 2007-09 crisis, the Federal Reserve took many measures to mitigate
disruptions in financial markets, including the introduction or expansion of
liquidity facilities.

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Posted at 7:00 am in Fed Funds, Financial Markets, Liquidity, Monetary Policy | Permalink | Comments (3)
October 11, 2011

Did the Fed’s Term Auction Facility Work?

James J. McAndrews, Asani Sarkar, and Zhenyu Wang

We argue that the Fed’s Term Auction Facility (TAF), introduced in December 2007, lowered the cost of borrowing of banks in the market during the recent financial crisis.

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Posted at 10:00 am in Crisis, Fed Funds, Financial Institutions, Financial Markets | Permalink
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Liberty Street Economics features insight and analysis from New York Fed economists working at the intersection of research and policy. Launched in 2011, the blog takes its name from the Bank’s headquarters at 33 Liberty Street in Manhattan’s Financial District.

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