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