Letters

Request for Information Relating to Production of Rates

Summary

SIFMA and the Financial Services Roundtable (FSR) provide comments to the Board of Governors for the Federal Reserve System in response to the Request for Information Relating to Production of Rates. The RFI solicits stakeholder feedback on three rates based on overnight repurchase agreement (repo) transactions on U.S. Treasury securities (Treasury repo) which the Federal Reserve Bank of New York (FRBNY), in cooperation with the U.S. Office of Financial Research (OFR), are considering publishing. The RFI states that the publication of these proposed rates, targeted to commence by mid-2018, is intended to improve transparency into the repo market by increasing the amount and quality of information available about the market for overnight Treasury repo activity.

PDF

Submitted To

Federal Reserve

Submitted By

SIFMA and FSR

Committee

Rates and Funding Committee

Date

30

October

2017