Serving the Second District and the Nation. Tweets from President John Williams are signed -JW.
Activity in the region’s service sector declined at an accelerated pace, according to firms responding to our January 2021 Business Leaders Survey. The survey’s headline business activity index fell five points to -31.8.
"Even with a sizable rebound since April, discretionary services expenditures remained more than 12 percent below their peak as of November, a gap that still greatly exceeds the decline in the Great Recession." Read more:
For classroom or independent learning, NYFED comic book created for students of all ages, and stimulates curiosity and raises awareness of careers in economics and finance.
Ready to be a part of facilities that were created to support the U.S. economy as a result of the pandemic? Want to be a driving force behind maintaining these facilities? Check out these exciting new opportunities! #werehiring
Today, March 12, 2020, we will offer $500B in a three-month repo at 1:30 pm ET that will settle on March 13, 2020. Tomorrow, we will offer $500B in a three-month repo and $500B in a one-month repo for same day settlement.
To honor Janet Yellen's extraordinary tenure & accomplishments at the Federal Reserve, her distinction as the first woman Chair, & her inimitable style, we're sharing photos of our colleagues "popping" their collars–just like she does. #PopYourCollar #WomenInSTEM
Statement Regarding Treasury Reserve Management Purchases and Repurchase Operations →
Beginning today & through Mar 12, 2020, we will increase the amount offered in daily overnight repos from at least $100B to at least $150B. We will also increase the amount offered in the 2-week term repos on Mar 10, 2020 & Mar 12, 2020 from at least $20B to at least $45B.
Internet memes tell us it takes about 15 months to forget someone you love. Is it merely a coincidence that you have about that much time to prepare for the transition away from LIBOR? Prepare for the risks of both love and LIBOR going away. #LIBORsTickingClock