Fed moves closer to testing reverse-repo agreements

05/1/2010 | Reuters · Bloomberg Businessweek

The Federal Reserve Bank of New York has posted online a master agreement, based on a contract drawn up by SIFMA, that it will use when money-market funds engage in reverse-repurchase agreements. "Reverse repos" are part of the Fed's plan to remove excess liquidity from the financial system.

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Reuters · Bloomberg Businessweek

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