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

Posted on 05/30/2021


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

New reverse repurchase transaction (RRP) counterparties will begin transacting with the New York Fed upon completion of legal, operational and technical setup. Each listed counterparty applied to be an eligible RRP counterparty under the criteria and application published by the New York Fed. Inclusion on this list simply means that, should the New York Fed conduct reverse repurchase agreements, those listed would be eligible to participate. It does not mean that any listed eligible RRP counterparty is eligible for any other program or transactional relationship with the New York Fed. Further, it does not in any way constitute a public endorsement of any listed eligible RRP counterparty by the New York Fed, nor should inclusion on the list be viewed as a replacement for prudent counterparty risk management and due diligence.

Reverse Repo Counterparties

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

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

AllianceBernstein L.P.
AB Fixed-Income Shares, Inc. – AB Government Money Market Portfolio

BlackRock Advisors, LLC
BlackRock Liquidity Funds: FedFund
BlackRock Liquidity Funds: T-Fund
BlackRock Liquidity Funds: TempCash
BlackRock Liquidity Funds: TempFund

BlackRock Fund Advisors
Money Market Master Portfolio
Treasury Money Market Master Portfolio

BNY Mellon Investment Adviser, Inc.
Dreyfus Cash Management
Dreyfus Government Cash Management
Dreyfus Institutional Preferred Government Money Market Fund
Dreyfus Treasury and Agency Liquidity Money Market Fund
Dreyfus Treasury Obligations Cash Management

Capital Research and Management Company
American Funds U.S. Government Money Market Fund
Capital Group Central Fund Series, Capital Group Central Cash Fund

Charles Schwab Investment Management, Inc.
Schwab Government Money Fund
Schwab Treasury Obligations Money 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 Obligations Fund
Federated Hermes Government Obligations Tax-Managed Fund
Federated Hermes Government Reserves Fund
Federated Hermes Institutional Prime Obligations Fund
Federated Hermes Institutional Prime Value Obligations Fund
Federated Hermes Prime Cash Obligations Fund
Federated Hermes Treasury Obligations Fund
Federated Hermes Trust for U.S. Treasury Obligations
Federated Hermes U.S. Treasury Cash 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 Cash 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 Products Fund V: VIP Government Money Market Portfolio

Franklin Advisers, 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 Obligations Fund
Goldman Sachs Financial Square Treasury Solutions Fund

HSBC Global Asset Management (USA), Inc.
HSBC U.S. Government Money Market Fund

Invesco Advisers, Inc.
STIT Government and Agency Portfolio
STIT Treasury Portfolio

J. P. Morgan Investment Management Inc.
JPMorgan Liquid Assets Money Market Fund
JPMorgan Prime Money Market Fund
JPMorgan Tax Free Money Market Fund
JPMorgan U.S. Government Money Market Fund
JPMorgan U.S. Treasury Plus Money Market Fund

Legg Mason Partners Fund Advisor, LLC
Western Asset/Government Portfolio
Western Asset/Liquid Reserves Portfolio
Western Asset/U.S. Treasury Reserves Portfolio

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 Assets 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 (U.S.) Inc.
RBC Funds Trust, U.S. Government Money Market Fund

SSgA Funds Management, Inc.
Institutional Liquid Reserve Portfolio
Institutional US Gov. Money Market Fund, a series of the 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 U.S. Treasury Money Fund

UBS Asset Management (Americas) Inc.
Government Master Fund
Limited Purpose Cash Investment Fund
Prime Master Fund
Treasury Master Fund

U.S. Bancorp Asset Management, Inc.
First American Government Obligations Fund
First American Treasury Obligations 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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