Federal Reserve Alert! Statement Regarding Standing Repo (RRP) Facility Counterparty Eligibility Criteria.
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The requirement for these institutions to have total U.S. Treasury, agency debt and agency mortgage-backed securities holdings equal to or greater than $5 billion or total assets equal to or greater than $30 billion is being reduced to $2 billion and $10 billion, respectively.
All other eligibility criteria and expectations remain the same.