The OFR today released a working paper, “A Pilot Survey of Agent Securities Lending Activity,” and a related blog by OFR Director Richard Berner. The paper says a new securities lending survey sheds light on transactions that help underpin smooth-functioning capital markets. The pilot project by the OFR, Federal Reserve, and staff of the Securities and Exchange Commission shows that participating agents facilitated about $1 trillion in daily securities loans during a three-day period in 2015. Collecting these data on a permanent basis could help regulators identify potential vulnerabilities in a key component of our financial system.
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