Bankers’ Banks and their Role in the Federal Funds Market

Sriya Anbil, Alyssa G. Anderson and Benjamin Eyal
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Sriya Anbil: https://www.federalreserve.gov/econres/sriya-l-anbil.htm
Alyssa G. Anderson: https://www.federalreserve.gov/econres/alyssa-g-anderson.htm

No 2026-01-30-1, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: The Global Financial Crisis (GFC) and the Federal Reserve's (Fed) large-scale asset purchases fundamentally reshaped the U.S. monetary policy implementation framework. Before 2008, the Fed operated under a scarce-reserves regime, steering the federal funds rate through daily open market operations.

Date: 2026-01-30
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:102397

DOI: 10.17016/2380-7172.3969

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