Regarding your question if the New York Fed's operations create reserves, the Federal Reserve is the owners/definers of "reserves". That said, the Federal Reserve has developed several programs in response to current economic conditions. Information on these programs is available on our website at this link.
Information is also available from the Board of Governors website at:
From this information you may choose which programs embody your own definition of quantitative easing. I hope this information is useful to you.
Media Relations and Public Affairs
Federal Reserve Bank of New York
. . .
But if you define QE as an action that creates Reserves and it is new, then there are nine additional categories that can be included as part of the QE effort. My conclusion on this is that if the market believes that the Fed is limited to purchases of Treasury coupons, agency direct debt obligations or Agency MBS to achieve their QE policy objectives they are wrong. There are no bounds on this policy.
. . . "
Copyright iTulip, Inc. 1998 - 2016 - All Rights Reserved
Opinions expressed herein are those of the posters, not those of iTulip, Inc., its owners, or management. All material posted on this board becomes the intellectual property of the poster and iTulip, Inc., and may not be reposted in full on another website without the express written permission of iTulip, Inc. By exception, the original registered iTulip member who authored a post may repost his or her own material on other sites. Permission is hereby granted to repost brief excerpts of material from this forum on other websites provided that attribution and a link to the source is included with the reposted material.
Nothing on this website is intended or should be construed as investment advice. It is intended to be used for informational and entertainment purposes only. We reserve the right to make changes, including change in price, content, description, terms, etc. at any time without notice. By using this board you agree that you understand the risks of trading, and are solely responsible for your own investment and trading decisions. Read full legal disclaimer.
Journalists are not permitted to contact iTulip members through this forum's email and personal messaging services without written permission from iTulip, Inc. Requests for permission may be made via Contact Us.
Objectionable posts may be reported to the board administrators via Contact Us.