A Return to Operating with Abundant Reserves

Abstract: Remarks before the Money Marketeers of New York University (delivered via videoconference).

Keywords: reserves; Federal Reserve; banks; market; balances; Treasury General Account (TGA); pandemic; COVID-19; balance sheets; reserve balances; interest paid on excess reserves (IOER); money market rates; foreign banking organizations (FBOs);

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Bibliographic Information

Provider: Federal Reserve Bank of New York

Part of Series: Speech

Publication Date: 2020-12-01