AuthorTopic: Open Market Operations
UFCRP
@2014-10-12 09:40:07		 My brain is frozen on this relatively simple concept. Could someone confirm if I have this right?

If the NY Fed sells securities, it reduces bank reserves, increasing money supply, and if it buys securities, increasing bank reserves, it is decreasing money supply.

Thank you, in advance.
UFCRP
@2014-10-12 11:38:48		 Never mind...figured it out

CFA Discussion Topic: Open Market Operations

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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes

Barnes