Lena V. Kiely

Swaps Pushout Rule: Federal Reserve Banks Revise Discount Window Documentation

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Effective July 16, 2013, the Federal Reserve Banks’ Operating Circular No. 10 (“OC-10”) has been amended to include a new appendix entitledProhibition Against Federal Assistance to Any Swaps Entity (“Appendix 6”).  Appendix 6 is intended …

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