3 Matching Annotations
  1. Sep 2019
    1. The Fed offered $30 billion of reserves maturing Oct. 8, receiving $62 billion in bids from banks offering collateral in the form of Treasury and mortgage securities. Banks bid for $32 billion more than the amount offered by the Fed. In a second offering, the Fed added $75 billion in overnight reserves, with banks bidding for $80.2 billion, or $5.2 billion more than was available.
  2. Jun 2019
    1. Federal Reserve System

      The Federal Reserve System is the central bank of the United States. It was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system.

  3. Aug 2017
    1. real interest rates are determined by a wide range of economic factors, including prospects for economic growth—not by the Fed.

      Real interest rate = interest rate - inflation