Fed minutes — banks can use T-Bills as collateral for excess reserves june

The mins through the June 18-19 Fed meeting show that the Fed is considering banks that are allowing make use of security, such as for instance T-Bills for extra reserves. They've been considering starting a repo center that really leads to banking institutions merely publishing T-Bills rather of money for extra reserves. The moments expose a true number of benefits and drawbacks utilizing the approach. It could be smart to have banks only post T-Bills…