Although the shift toward FHLB’s deeper dependence on short-identity financial support first started several years ago, more recently this shift seems to have come given more support from the outcomes of the SEC’s change regarding finest currency sector fund. 2 trillion out-of prime currency finance to help you government money loans, that are limited by carrying fundamentally simply Treasury and you can agencies securities–together with those people granted from the FHLBs–and you will Treasury- and you can agencies-supported repurchase plans. Continue Reading In response on the reforms, money industry fund managers and you will dealers moved on $1
