The Minutes of John Williams on haircuts https://minutesof.com/john-williams/on/haircuts/ Everything John Williams has said on haircuts: 2 verbatim quotes, each with a timestamp and a link to the recording it came from. en Sun, 30 Aug 2026 16:23:04 +0000 Williams notes most non-centrally cleared bilateral repo transactions involving Treasury securities had zero h https://minutesof.com/q/02a06e01-70b1-48cd-99df-adf0316d60ff/ https://minutesof.com/q/02a06e01-70b1-48cd-99df-adf0316d60ff/ “Meanwhile, in the NCCBR market segment, use of repo haircuts is fairly infrequent, with two pilot data collections in the NCCBR segment by the Office of Financial Research showing the majority of transactions involving Treasury securities had zero haircuts.” — NY Fed speeches haircuts Williams argues widespread use of haircuts for Treasury repo could enhance financial system stability during s https://minutesof.com/q/6086790a-4fcb-4d1d-aead-daa9d8ad6e28/ https://minutesof.com/q/6086790a-4fcb-4d1d-aead-daa9d8ad6e28/ “In my view, widespread use of haircuts for Treasury repo could enhance financial system stability and support market functioning during periods of stress.” — NY Fed speeches haircuts