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US: FedWatch
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Increasing Liquidity Provisions
Mon, May 5 2008, 13:43 GMT
by BBVA Bancomer Team
The Fed increased liquidity provisions to financial institutions yet again. This measure -- that comes as response to the markets’ pressing request for funding -- underscores the Fed continuing concern with the vulnerability of the financial system. Today’s measures reinforced all three of the Fed innovative instruments to manage the current turmoil: Term Auction Facilities (TAF), Term Securities Lending Facilities (TSFL) and temporary reciprocal currency arrangements with other central banks:
- 1. The Fed increased the amount auctioned in TAF’s from $50 billion to $75 billion. This comes as a response to the fact that demand for Term Auction Facilities (TAF) has exceeded supply throughout the last two months, gradually increasing the rate of this instrument relative to fed funds.
- 2. The Fed authorized an expansion in the collateral that can be pledge by primary dealers interested in TSLF’s. This collateral may now include AAA/Aaa-rated asset backed securities.
- 3. The FOMC authorized a further increase in its existing temporary reciprocal currency arrangements with the European Central Bank (from $30 billion up to $50 billion) and the Swiss National Bank (from $6 billion up to $12 billion). The FOMC also extended the term of these arrangements through January 30, 2009.
Published on Mon, May 5 2008, 13:45 GMT
Archive
- Fed funds rate will remain low for a prolonged period
Published On Thu, Nov 5 2009, 07:53 GMT - FOMC Minutes from September 22-23, 2009
Published On Thu, Oct 15 2009, 08:22 GMT - FOMC Minutes August 11-12, 2009
Published On Thu, Sep 3 2009, 10:35 GMT - Fed improves outlook while maintaining target rates
Published On Thu, Aug 13 2009, 07:10 GMT - FOMC Minutes June 23-24, 2009
Published On Fri, Jul 17 2009, 09:14 GMT
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
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