Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: politicket

The Fed can purchase Securities directly through Open Market Operations (FOMC IIRC)


2 posted on 09/06/2009 8:27:44 PM PDT by downwdims (It does not take a majority to prevail... but rather an irate, tireless minority)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: downwdims

Not to mention Buying the loan from the Broker-Dealer at the Discount window etx etx


3 posted on 09/06/2009 8:30:06 PM PDT by downwdims (It does not take a majority to prevail... but rather an irate, tireless minority)
[ Post Reply | Private Reply | To 2 | View Replies ]

To: downwdims
The Fed can purchase Securities directly through Open Market Operations (FOMC IIRC)

That's true. But they can only purchase them from approved dealers, not the Federal government.

This means that the bank in my example would have to buy the Treasury securities first, so that the Fed could buy them through a Permanent Open Market Operation (POMO) - and then create Federal Reserve notes as liabilities against the securities.

How would the bank afford the $2,000 on new securities in my example, without using some of its loan papers as assets for the purchase?

4 posted on 09/06/2009 8:31:35 PM PDT by politicket (1 1/2 million attended Obama's coronation - only 14 missed work!)
[ Post Reply | Private Reply | To 2 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson