Search Results
Report
Overnight RRP operations as a monetary policy tool: some design considerations
Frost, Josh; Logan, Lorie; Martin, Antoine; McCabe, Patrick E.; Natalucci, Fabio M.; Remache, Julie
(2015-02-01)
We review recent changes in monetary policy that have led to development and testing of an overnight reverse repurchase agreement (ON RRP) facility, an innovative tool for implementing monetary policy during the normalization process. Making ON RRPs available to a broad set of investors, including nonbank institutions that are significant lenders in money markets, could complement the use of the interest on excess reserves (IOER) and help control short-term interest rates. We examine some potentially important secondary effects of an ON RRP facility, both positive and negative, including ...
Staff Reports
, Paper 712
Speech
Restoring price stability
Logan, Lorie
(2023-02-14)
Dallas Fed President Lorie Logan delivered this address on Feb. 14, 2023, at Prairie View A&M University.
Speeches and Essays
Speech
Welcome remarks for the Outlook for North American Trade and Immigration conference
Logan, Lorie
(2025-04-10)
Dallas Fed President Lorie K. Logan delivered these remarks at the Outlook for North American Trade and Immigration conference in Dallas.
Speeches and Essays
Speech
Federal Reserve Asset Purchases: The Pandemic Response and Considerations Ahead
Logan, Lorie
(2022-03-02)
Remarks at New York University’s Stern School of Business (delivered via videoconference)As prepared for delivery.
Speech
Discussion Paper
How the Fed’s Overnight Reverse Repo Facility Works
Afonso, Gara; Logan, Lorie; Martin, Antoine; Riordan, Will; Zobel, Patricia
(2022-01-11)
Daily take-up at the overnight reverse repo (ON RRP) facility increased from less than $1 billion in early March 2021 to just under $2 trillion on December 31, 2021. In the second post in this series, we take a closer look at this important tool in the Federal Reserve’s monetary policy implementation framework and discuss the factors behind the recent increase in volume.
Liberty Street Economics
, Paper 20220111
Speech
A level playing field for deposit insurance
Logan, Lorie
(2024-07-18)
Dallas Fed President Lorie K. Logan delivered these remarks at the Dallas Fed and Atlanta Fed conference, “Exploring Conventional Bank Funding Regimes in an Unconventional World.”
Speeches and Essays
Discussion Paper
The Fed’s Balance Sheet Runoff and the ON RRP Facility
Cipriani, Marco; Clouse, James A.; Logan, Lorie; Martin, Antoine; Riordan, Will
(2022-04-11)
A 2017 Liberty Street Economics post described the balance sheet effects of the Federal Open Market Committee’s decision to cease reinvestments of maturing securities—that is, the mechanics of the Federal Reserve’s balance sheet “runoff.” At the time, the overnight reverse repo (ON RRP) facility was fairly small (less than $200 billion for most of July 2017) and was not mentioned in the post for the sake of simplicity. Today, by contrast, take-up at the ON RRP facility is much larger (over $1.5 trillion for most of 2022). In this post, we update the earlier analysis and describe how ...
Liberty Street Economics
, Paper 20220411
Speech
Financial conditions and the monetary policy outlook
Logan, Lorie
(2023-10-09)
Dallas Fed President Lorie Logan delivered these remarks before the 65th National Association for Business Economics Annual Meeting in Dallas, Texas.
Speeches and Essays
Speech
Foundational considerations in a changing economy
Logan, Lorie
(2024-10-09)
Dallas Fed President Lorie K. Logan delivered these remarks at the Future of Global Energy Conference hosted by the Greater Houston Partnership.
Speeches and Essays
Speech
Considerations on the Road Ahead for Monetary Policy Implementation
Logan, Lorie
(2022-06-02)
Remarks at the New York Fed and Columbia SIPA Monetary Policy Implementation Workshop, New York City.
Speech
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