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home / news releases / TYBS - Dudley On Reserves


TYBS - Dudley On Reserves

Bill Dudley, ex President of the New York Fed, has an excellent Bloomberg editorial on reserves.

Reserves are accounts that banks hold at the Fed. The Fed used to pay no interest on these accounts. Accordingly, banks held very small quantities, as little as $10 billion in all, and they managed that quantity very carefully against legal reserve requirements, and having just enough around to make payments. To control interest rates, the Fed used to change the supply of reserves, and then watch the Federal Funds rate, the rate banks charge each other to

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Stock Information

Company Name: Direxion Daily 20+ Year Treasury Bear 1X Shares Direxion Shares ETF Trust
Stock Symbol: TYBS
Market: NYSE

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