DTC Computershare Alert! Securities Processing Service Updates Computershare - 5/1/2023 - DWAC Fee Update
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Federal Reserve Alert! Federal Reserve Board announces that the review of the supervision and regulation of Silicon Valley Bank, led by Vice Chair for Supervision Barr, will be released on Friday, April 28, at 11:00 a.m. ET
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M2 money supply is shrinking! Today's update shows the biggest drop ever on record in growth rate for M2--a negative growth rate of 4.05% versus a year ago. M2 has now contracted on an annual basis for four straight months.
December was M2โs first year-over-year contraction ever.
https://fred.stlouisfed.org/series/M2SL
https://fred.stlouisfed.org/series/M2SL
https://www.federalreserve.gov/releases/h6/current/default.htm
TLDRS:
Today's update shows the biggest drop ever on record in growth rate for M2--a negative growth rate of
Fed Alert! Expectations and eligibility criteria for Reverse Repo (RRP) counterparties have been updated to clarify that accessing RRP operations should be a natural extension of an existing business model...
The counterparty should not be organized for the purpose of accessing RRP operations.
Source: https://www.newyorkfed.org/markets/opolicy/operating_policy_230425
* The Policy on Counterparties for Market Operations has been updated to clarify that, in addition to implementing monetary policy, broader policy goals including fostering financial stability and
Fed Alert! Update to policy on Counterparties for Market Operations and Reverse Repurchase Counterparties: "in addition to implementing monetary policy, broader policy goals including fostering financial stability & ensuring bank safety & soundness"
"in addition to implementing monetary policy, broader policy goals including fostering financial stability & ensuring bank safety & soundness, are considered when reviewing counterparties."
Source: https://www.newyorkfed.org/markets/opolicy/operating_policy_230425
* The Policy on Counterparties for Market Operations has been updated to clarify that, in
Quick question: Who got popped for abusing Reverse Repo (RRP) operations in a non-natural extension of an existing business model by organizing a counterparty strictly for the purpose of accessing RRP operations necessitating this clarification statement?
Source: https://www.newyorkfed.org/markets/opolicy/operating_policy_230425
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Commissioner Hester M. Peirce: "The least the rest of us can do is offer early-stage entrepreneurs a regulatory structure that gives them a fighting chance."
Commissioner Hester M. Peirce Capital On-Ramps: Remarks at the SECโs 42nd Annual Small Business Forum โ Exploring the Early-Stage Landscape: Trends and Strategies in Capital Raising
Source: https://www.sec.gov/news/speech/peirce-capital-ramps-04-24-2023
Highlights:
Early-stage entrepreneurs often abandon a stable job to take on the risks of starting a