FRBNY Adds Treasury Reserve Fund T. Rowe and Treasury Vanguard MMF to List of Reverse Repo Counterparties

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Posted on 05/30/2021


According to the Federal Reserve Bank of New York, “the following items have been added to the list of reverse repo counterparties, effective May 27, 2021, the T. Rowe Price Treasury Reserve Fund and the Vanguard Admiral Funds – Vanguard Treasury Money Market Fund.

The new reverse repo counterparties (RRPs) will begin dealing with the New York Fed once the legal, operational and technical setup is complete. Each listed counterparty has applied to be an RRP eligible counterparty according to the criteria and application published by the New York Fed. Inclusion on this list simply means that if the New York Fed entered into repurchase agreements, those listed would be eligible to participate. This does not mean that an eligible listed RRP counterparty is eligible for any other program or transactional relationship with the New York Fed. Further, this in no way constitutes public approval of an eligible RRP counterparty listed by the New York Fed, and inclusion on the list should not be viewed as a replacement for prudent management of counterparty risk and. due diligence.

Reverse repo counterparties

BANKS
Allied bank
Bank of America, NA
Bank of Montreal (Chicago branch)
Barclays Bank PLC – New York Branch
Citibank, NA
Crédit Agricole Corporate and Investment Banking
Goldman Sachs Bank United States
HSBC Bank USA, NA
JPMorgan Chase Bank, NA
Mizuho Bank, Ltd.
Morgan Stanley Bank, NA
Natixis New York Agency
Royal Bank of Canada
Sumitomo Mitsui Banking Corporation, New York branch
The Northern Trust Company
Wells Fargo Bank, NA

GOVERNMENT SPONSORED COMPANIES
CoBanque, ACB
Federal Agricultural Mortgage Corporation (Farmer Mac)
Federal Home Loan Bank of Atlanta
Federal Home Loan Bank of Boston
Federal Mortgage Bank of Chicago
Federal Mortgage Bank of Cincinnati
Federal Home Loan Bank of Dallas
Federal Mortgage Bank of Des Moines
Federal Mortgage Bank of Indianapolis
Federal Mortgage Bank of New York
Federal Mortgage Bank of Pittsburgh
Federal Mortgage Bank of San Francisco
Topeka Federal Mortgage Bank
Federal Real Estate Mortgage Corporation (Freddie Mac)
National Federal Mortgage Association (Fannie Mae)

AllianceBernstein LP
AB Fixed Income Shares, Inc. – AB Government Money Market Portfolio

BlackRock Consultants, LLC
BlackRock Liquidity Fund: FedFund
BlackRock Liquidity Fund: T-Fund
BlackRock Liquidity Fund: TempCash
BlackRock Liquidity Fund: TempFund

BlackRock Fund Advisors
Main money market portfolio
Main Treasury Money Market Portfolio

BNY Mellon Investment Adviser, Inc.
Dreyfus cash management
Cash management of the Dreyfus government
Dreyfus Institutional Preferred Government Money Market Fund
Dreyfus Trésorerie and Liquidity Money Market Fund Agency
Cash management of Dreyfus treasury bonds

Capital research and management company
US Funds US Government Money Market Fund
Capital Group Central Fund Series, Capital Group Central Cash Fund

Charles Schwab Investment Management, Inc.
Schwab Government Monetary Fund
Schwab Treasury Bond Monetary Fund
Schwab Value Advantage Money Fund

Columbia Management Investment Advisers, LLC
Columbia Short-Term Cash Fund, a series of Columbia Funds Series Trust II

Deutsche Investment Management Americas, Inc.
Government cash management portfolio

Dimensional Fund Advisors LP
The DFA Short-Term Investment Fund of the DFA Investment Trust Company

Federated investment management company
Edward Jones Money Market Fund
Federated Hermes Government Bond Fund
Federated Hermes Government Bonds Tax Managed Fund
Hermes Federal Government Reserve Fund
Federated Hermes Institutional Prime Obligations Fund
Federated Hermes Institutional Prime Value Bonds Fund
Federated Hermes Prime Cash Bonds Fund
Federated Hermes Treasury Bonds Fund
Federated Hermes Trust for US Treasury Bonds
Hermes Federated Treasury reserves

Fidelity Management & Research Company LLC
Fidelity Colchester Street Trust: Government Portfolio
Fidelity Colchester Street Trust: Money Market Portfolio
Fidelity Colchester Street Trust: treasury portfolio
Fidelity Hereford Street Trust: Fidelity Government Money Market Fund
Fidelity Hereford Street Trust: Fidelity Money Market Fund
Fidelity Newbury Street Trust: Fidelity Treasury Money Market Fund
Fidelity Phillips Street Trust: Fidelity Government Treasury Reserves
Fidelity Revere Street Trust: Fidelity Cash Central Fund
Fidelity Revere Street Trust: Fidelity Securities Lending Cash Central Fund
Fidelity Salem Street Trust: Fidelity Series Government Money Market Fund
Variable Insurance Product Fund V: Government Money Market VIP Portfolio

Franklin Consultants, Inc.
The money market portfolio

Goldman Sachs Asset Management
Goldman Sachs Financial Square Government Fund
Goldman Sachs Financial Square Money Market Fund
Goldman Sachs Financial Square Prime Obligations Fund
Goldman Sachs Financial Square Treasury Bond Fund
Goldman Sachs Financial Square Treasury Solutions Fund

HSBC Global Asset Management (United States), Inc.
HSBC U.S. Money Market Fund

Invesco Consultants, Inc.
Portfolio of government and STIT agencies
STIT treasury portfolio

JP Morgan Investment Management Inc.
JPMorgan Liquid Money Market Fund
JPMorgan Core Money Market Fund
JPMorgan Tax-Free Money Market Fund
JPMorgan U.S. Government Money Market Fund
JPMorgan US Treasury Plus Money Market Fund

Fund Advisor Legg Mason Partners, LLC
Western Asset / Government Portfolio
Western Asset / Liquid Reserves Portfolio
Western Asset Portfolio / US Treasury Reserves

Morgan Stanley Investment Management, Inc.
Morgan Stanley Institutional Liquidity Funds Government Portfolio
Morgan Stanley Institutional Liquidity Funds Government securities portfolio
Morgan Stanley Institutional Liquidity Funds Prime Portfolio
Morgan Stanley Institutional Liquidity Funds Treasury Portfolio
Morgan Stanley Institutional Liquidity Funds Treasury Securities Portfolio

Northern Trust Investments, Inc.
NTAM Treasury Asset Fund
Northern Funds – U.S. Government Money Market Fund
Northern Institutional Funds – Government Portfolio
Northern Institutional Funds – Government Select Portfolio
Northern Institutional Funds – Treasury Portfolio

RBC Global Asset Management (US) Inc.
RBC Fund Trust, U.S. Government Money Market Fund

SSgA Fund Management, Inc.
Institutional liquid reserve portfolio
Institutional US Gov. Money Market Fund, a series of State Street Master Funds
State Street Navigator Securities Lending Government Money Market Portfolio
State Street Treasury Plus Money Market Portfolio

T. Rowe Price Associates, Inc.
T. Rowe Price Government Money Fund, Inc.
T. Rowe Price Government Reserve Fund
T. Rowe Price Treasury Reserve Fund
T. Rowe Price US Treasury Money Fund

UBS Asset Management (Americas) Inc.
Master government fund
Limited use cash investment funds
Main main fund
Master treasury fund

US Bancorp Asset Management, Inc.
First U.S. government bond fund
First U.S. Treasury Bond Fund

The Vanguard Group, Inc.
Vanguard Admiral Funds – Vanguard Treasury Money Market Fund
Vanguard CMT Funds – Vanguard Market Liquidity Fund
Vanguard Money Market Reserves – Vanguard Cash Reserves Federal Money Market Fund
Vanguard Money Market Reserves – Vanguard Federal Money Market Fund

Wells Fargo Funds Management
Wells Fargo Government Money Market Fund
Wells Fargo Heritage Money Market Fund
Wells Fargo Money Market Fund
Wells Fargo Treasury Plus Money Market Fund

Wilmington Funds Management Corp.
Wilmington U.S. Government Money Market Fund

Keywords: Federal reserve system.

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