We called the New York Fed for comment and got a call backfrom Andrea Priest, who said Dudley was working yesterday andwouldnt be able to comment. She directed us to the statementthe New York Fed released Sept. 26, which you can read here.
Date: Oct 03, 2014
Category: Business
Source: Google
Fed Custody Holdings Record Decline Fuels Russia Speculation
The previous biggest drop in Fed custody holdings was $32billion in June after the central bank indicated they may reducepurchases of Treasuries. Andrea Priest, a spokeswoman for theFed Bank of New York, declined to comment.
Andrea Priest, a spokesperson for the New York Fed, said the documents to be released Friday will show that the New York Fed took prompt action four years ago to highlight problems with Libor and press for reform.