Exclusive: Wall Street banks see green light from Fed on reserves – sources

A Wall St. street sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., September 17, 2019. REUTERS/Brendan McDermid

NEW YORK/WASHINGTON (Reuters) – Wall Street banks believe they are getting a green light from supervisors to hold more Treasury debt and less cash after last month’s volatility in overnight lending markets, three industry sources told Reuters. That change could help boost liquidity in the overnight lending markets, because Treasury bonds are a common type […]

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