Skip to main content Accessibility help

We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.

Close cookie message
×
  1. Home
  2. Search

Refine search

Refine search

Access:
Content type:
Publication date:
Apply   From and To filters
Subject: Show more
Journals Show more
Publishers: Show more
Societies Show more
Series: Show more
Collections: Show more

Actions for selected content:

Select all | Deselect all
  • View selected items
  • Export citations
  • Download PDF (zip)
  • Save to Kindle
  • Save to Dropbox
  • Save to Google Drive

Save Search

You can save your searches here and later view and run them again in "My saved searches".

Please provide a title, maximum of 40 characters.
Cancel
×

4 results

  • 26 - Securities Lending

  • from Part VII - Updating Market Infrastructures
  • Kenneth D. Garbade
  • Book:
    After the Accord
    Published online:
    14 January 2021
    Print publication:
    04 February 2021, pp 400-412

  • Summary

    Faced with a growing volume of settlement fails in 1969, the FOMC approved a novel program to lend Treasury securities to primary dealers for the purpose of avoiding redelivery fails.

  • 23 - The Association of Primary Dealers

  • from Part VII - Updating Market Infrastructures
  • Kenneth D. Garbade
  • Book:
    After the Accord
    Published online:
    14 January 2021
    Print publication:
    04 February 2021, pp 371-379

  • Summary

    Describes the long-standing interest of the Federal Reserve in promoting the formation of a voluntary dealer association through which it could encourage the adoption of desirable market practices and discourage undesirable practices. The formation of such a group finally came to pass in the wake of adverse publicity about dealer behavior.

  • 25 - The Government Securities Clearing Arrangement

  • from Part VII - Updating Market Infrastructures
  • Kenneth D. Garbade
  • Book:
    After the Accord
    Published online:
    14 January 2021
    Print publication:
    04 February 2021, pp 387-399

  • Summary

    Describes efforts of the Federal Reserve Bank of New York to reduce operating costs and enhance liquidity in the market for Treasury securities. A forerunner to the book-entry system, the Government Securities Clearing Arrangement provided for intraday netting of receipts and deliveries of Treasury securities by the major New York clearing banks.

  • 24 - Dealer Finance

  • from Part VII - Updating Market Infrastructures
  • Kenneth D. Garbade
  • Book:
    After the Accord
    Published online:
    14 January 2021
    Print publication:
    04 February 2021, pp 380-386

  • Summary

    Recounts the debate during meetings of the Joint Study steering committee about whether the Federal Reserve should, in the interest of promoting market liquidity, make it easier for dealers to obtain financing to purchase and carry Treasury securities.