BNY Mellon Disclosed to be Tri-Party Custodian and Collateral Agent for Primary Dealer Credit Facility

Posted on 04/22/2020


The Federal Reserve Bank of New York (FRBNY) retained the services of Bank of New York Mellon (BNY Mellon) to be the tri-party custodian and collateral agent for the Primary Dealer Credit Facility. The facility was launched on March 20, 2020.

Tri-party fees by BNY Mellon will apply.

Keywords: Federal Reserve System, Bank of New York Mellon Corporation.

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