Discussion Paper

Who’s Borrowing and Lending in Repo Markets?


Abstract: Repo markets play a vital role in the U.S. financial system. In this three-part series, we examine who participates in these markets, what trade-offs influence how different repo segments are structured, and why repos matter for monetary policy. Today’s post introduces repo transactions, focusing on the major private-sector participants and why they engage in these markets.

JEL Classification: G12; G23; G24; E52;

https://doi.org/10.59576/lse.20260928

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Bibliographic Information

Provider: Federal Reserve Bank of New York

Part of Series: Liberty Street Economics

Publication Date: 2026-09-28

Number: 20260928