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    <title>The Minutes of John Williams on standing repo facility</title>
    <link>https://minutesof.com/john-williams/on/standing-repo-facility/</link>
    <description>Everything John Williams has said on standing repo facility: 3 verbatim quotes, each with a timestamp and a link to the recording it came from.</description>
    <language>en</language>
    <lastBuildDate>Mon, 31 Aug 2026 13:11:32 +0000</lastBuildDate>
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      <title>Williams reports Standing Repo Facility usage rose from zero to higher frequency over past two months.</title>
      <link>https://minutesof.com/q/8034a88c-c0ee-4c37-8534-1140b47b8e2b/</link>
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      <description>“Over the past two months, SRF usage has risen from essentially zero to having greater frequency and higher volume of take-up, especially on days of temporary repo market pressures,” — NY Fed speeches</description>
      <category>standing repo facility</category>
    </item>
    <item>
      <title>Williams announces the Desk will soon implement daily morning SRF operations with morning settlement.</title>
      <link>https://minutesof.com/q/8f38eecf-a73d-4d24-8aae-852b433e6298/</link>
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      <description>“In fact, as I mentioned nearly two weeks ago, in the not-too-distant future the Desk will start implementing daily morning SRF operations that will also be settled in the morning.” — NY Fed speeches</description>
      <category>standing repo facility</category>
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    <item>
      <title>Williams notes December 2024 showed market frictions when repo traded above SRF rates without facility use.</title>
      <link>https://minutesof.com/q/0f6a54b2-ed76-428e-91de-c096028f9d46/</link>
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      <description>“We saw evidence of frictions in SRF usage over a few days in December 2024, when a substantial amount of tri-party repo transactions—for which the SRF should be a close substitute—took place in the market at rates above the SRF minimum bid rate.” — NY Fed speeches</description>
      <category>standing repo facility</category>
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