France-based BNP Paribas (BNPP.PA) will be an approved custodian for CME Clearing for US Treasury and
federal agency securities.
During the last recession, holdings of safe assets, such as cash, Treasury securities, and
federal agency securities, rose steeply.
Treasury and
federal agency securities represent about 60% to 200% of total adjusted capital at the AAA-rated insurance groups.
Treasury and
federal agency securities in the open market.
During the fourth quarter, open market operations that injected reserves into the system were collateralized exclusively by either mortgage-backed securities or, in one instance,
federal agency securities, but never U.S.
The treasury and Federal Reserve assistance would be offered at the primary credit rate offered to investment firms and would be backed by US government and
federal agency securities.
Any lending would be at the primary credit rate and collateralised by US government and
federal agency securities. The authorisation is meant to supplement the Treasury's lending authority, officials said.
It engages in underwriting, dealing, and brokering a full range of debt and equity securities and futures contracts and serves as a primary dealer in US government and
federal agency securities. Through its global network, HSBC provides its clients with seamless, 24-hour trading capabilities.
government and
federal agency securities, net 45,639 45,508 Investments denominated in foreign currencies 1,127 1,231 Accrued interest receivable 341 388 Interdistrict settlement account 4,274 -- Bank premises and equipment, net 340 345 Other assets 43 38 Total assets $53,603 $49,461 Liabilities and capital Liabilities Federal Reserve notes outstanding, net $48,296 $42,368 Securities sold under agreements to repurchase 1,733 1,502 Deposits Depository institutions 1,608 1,735 Other deposits 2 135 Deferred credit items 855 972 Interest on Federal Reserve notes due U.S.
Treasury and
federal agency securities corporate bonds (both within and outside the United States), mortgage-backed and foreign-government securities (although traded in U.S.
government, municipal, corporate, mortgage, asset-backed securities,
federal agency securities, and foreign government securities.
To implement this decision, the FOMC voted to extend temporarily its suspension of several provisions of its "Guidelines for the Conduct of System Operations in Federal Agency Issues," which impose restrictions on transactions in
federal agency securities (for the text of the guidelines, see appendix B).
