{"id":30063,"date":"2023-06-17T22:54:17","date_gmt":"2023-06-18T02:54:17","guid":{"rendered":"https:\/\/ssgreenberg.name\/PoliticsBlog\/?p=30063"},"modified":"2023-06-17T22:58:40","modified_gmt":"2023-06-18T02:58:40","slug":"check-clearing-the-repo-market-and-the-fed","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2023\/06\/17\/check-clearing-the-repo-market-and-the-fed\/","title":{"rendered":"Check Clearing, the Repo Market, and the Fed"},"content":{"rendered":"<p>I had a mental picture of how checks between banks got cleared.  I decided that I needed more details.  I have been reading articles.  Here is one that might explain most of what I have learned  I just realized that I have not made the connection to the overnight bank-to-bank lending process called the Repo market. I&#8217;ll make that  connection next.<\/p>\n<p><a href=\"https:\/\/www.investopedia.com\/terms\/a\/ach.asp\" rel=\"noopener\" target=\"_blank\">What Is the Automated Clearing House, and How Does It Work?<\/a><\/p>\n<p>This  article greatly expands my knowledge of the Repo market and the Federal Reserve&#8217;s role in the market. <a href=\"https:\/\/www.brookings.edu\/blog\/up-front\/2020\/01\/28\/what-is-the-repo-market-and-why-does-it-matter\/\" rel=\"noopener\" target=\"_blank\">What is the repo market, and why does it matter?<\/a><\/p>\n<p>Whie I am at it, I might  as well throw in something about <a href=\"https:\/\/www.investopedia.com\/articles\/personal-finance\/050515\/how-swift-system-works.asp\" rel=\"noopener\" target=\"_blank\">What Is the SWIFT Banking System? Investopedia<\/a>. <\/p>\n<blockquote><p>\nThe Society for Worldwide Interbank Financial Telecommunications (SWIFT) system powers most international money and security transfers. SWIFT is a vast messaging network used by financial institutions to quickly, accurately, and securely send and receive information, such as money transfer instructions.\n<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>I had a mental picture of how checks between banks got cleared. I decided that I needed more details. I have been reading articles. Here is one that might explain most of what I have learned I just realized that I have not made the connection to the overnight bank-to-bank lending process called the Repo [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-30063","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/30063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=30063"}],"version-history":[{"count":3,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/30063\/revisions"}],"predecessor-version":[{"id":30066,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/30063\/revisions\/30066"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=30063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=30063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=30063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}