On 26 March, the source wrote (citation):
The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been modified to include information related to the Primary Dealer Credit Facility (PDCF) and Money Market Mutual Fund Liquidity Facility (MMLF). Information for both facilities is presented in tables 1, 2, 4, and 5.
The PDCF was approved by the Board of Governors on March 17, 2020, and began operations on March 20, 2020. The PDCF will offer primary dealers overnight and term funding with maturities of up to 90 days.
The MMLF was approved by the Board of Governors on March 18, 2020, and began operations on March 23, 2020. The MMLF will offer eligible financial institutions loans secured by high-quality assets purchased by the financial institution from money market mutual funds.
In response, we have:
- Added the series to our extract.
- Modified the catalog.
Properties:
- Measurement: Millions of U.S. dollars (Mil. USD)
- Adjustment: Not seasonally adjusted (NSA)
- Native frequency: Weekly(Wednesday)
- Start date: 25 Mar 2020
The series reside in the historical catalog:
and are:
- BRBMMLFW.IUSA = Assets - Liquidity and Credit Facilities - Loans - Money Market Mutual Fund Liquidity Facility, (Mil. USD, NSA)
- BRBPDCFW.IUSA = Assets - Liquidity and Credit Facilities - Loans - Primary dealer credit facility, (Mil. USD, NSA)
Please be aware that
Although these facilities are new, the time series as reported by FRB show zero values, not "ND", starting from 18 December 2002.
The two series appear as distinct named items only in Table 1, whereas in 2, 4 and 5, their effect is presumably consolidated within existing items.
References
At the Federal Reserve Board:
At the Federal Reserve Bank of New York:
Updates
- 27 Mar - Initial version of article
- 1 Jun - Added reference links
|