The Minutes of John Williams on central clearing https://minutesof.com/john-williams/on/central-clearing/ Everything John Williams has said on central clearing: 4 verbatim quotes, each with a timestamp and a link to the recording it came from. en Sun, 30 Aug 2026 16:23:02 +0000 Williams reports centrally cleared MMF repo volumes exceed one trillion dollars, over half of MMF Treasury rep https://minutesof.com/q/d52c661a-9eac-4cf5-b83b-53b032b4f2e6/ https://minutesof.com/q/d52c661a-9eac-4cf5-b83b-53b032b4f2e6/ “Data indicate that MMF repo volumes cleared with FICC well exceed $1 trillion, comprising over half of MMF Treasury repo positions ( Panel 8 ).” — NY Fed speeches central clearing Williams sees benefits from centrally clearing standing repo operations to improve participation and enhance i https://minutesof.com/q/1ca2de75-dfad-47c0-959a-797f3ccd184a/ https://minutesof.com/q/1ca2de75-dfad-47c0-959a-797f3ccd184a/ “Centrally clearing SRPs would be one way to reduce such costs. Strictly from a monetary policy implementation perspective, there are likely benefits from offering a centrally cleared version of SRPs.” — NY Fed speeches central clearing Williams argues centrally clearing standing repo operations would improve participation and enhance monetary p https://minutesof.com/q/19de094f-25f2-46af-9b36-22bdaa172708/ https://minutesof.com/q/19de094f-25f2-46af-9b36-22bdaa172708/ “Strictly from a monetary policy implementation perspective, there are likely benefits from offering a centrally cleared version of SRPs.” — NY Fed speeches central clearing Williams suggests centrally clearing standing repo operations could improve participation and efficacy, noting https://minutesof.com/q/11b9b981-f200-4428-bf91-b7b686a0b77f/ https://minutesof.com/q/11b9b981-f200-4428-bf91-b7b686a0b77f/ “Centrally clearing SRPs would be one way to reduce such cost and thus could further improve counterparty participation and the efficacy of SRPs in curbing rate pressures and maintaining the stability of funding markets.” — NY Fed speeches central clearing