#ny fed

The New York Federal Reserve has updated its rules for reverse repurchase agreements (RRP), potentially hindering Circle’s access to the Fed’s reverse-repurchase program. The Circle Reserve Fund is a money market fund only available to Circle and could be deemed ineligible under the Fed’s updated guidelines. (Read More)

Most New York Manufacturers Report Slight or No Tariff Price Pressures

Tariffs are having only small and sporadic effects on consumer prices, according to a study from the Federal Reserve Bank of New York.

In the supplemental questions to the Empire State Manufacturing and Business Leaders Survey, just 7.3 percent of manufacturers in New York state said tariffs were having a significant upward effect on their selling prices.

Nearly half of the manufacturers, 47.9…

There is a growing divergance between the the Atlanta Fed’s and NY Fed’s GDP forecast for Q1 2017. The Atlanta Fed predicts 1.2% annualized, while the NY Fed shows 3.2%.

While Atlanta’s prediction started out rosy and has steadily cratered, New York has done just the opposite, steadily increasing after an initial dip.

(Reuters) - The Federal Reserve Bank of New York and Bangladesh's central bank have agreed to withdraw additional payment security measures put in place after one of the world's biggest cyber heists, the theft of $81 million from Bangladesh Bank's account at the Fed, two sources said.

DHAKA (Reuters) - A meeting between Bangladesh central bank officials and the New York Federal Reserve scheduled for this week to speed up efforts to recover $81 million stolen from Bangladesh Bank's account at the Fed has been postponed, officials in Dhaka said.

NY Fed Bank heist warning?

Housingwire: Yahoo News broke a story on Sunday revealing that the Federal Reserve Bank of New York — which was the victim of a spectacular $81 million heist in February — had actually blocked 35 requests for money transfers earlier on the day of the heist, but then approved five of those transfers when they were resubmitted later. Of course we asked the Fed why the repetition of the names did…