Press Release - March 31, 2020 - Federal Reserve announces establishment of a temporary FIMA Repo Facility to help support the smooth functioning of financial markets
The Federal Reserve on Tuesday announced the establishment of a temporary repurchase agreement facility for foreign and international monetary authorities (FIMA Repo Facility) to help support the smooth functioning of financial markets, including the U.S. Treasury market, and thus maintain the supply of credit to U.S. households and businesses.