The New York Fed held talks with various banks on key loan tools.

A spokesperson for the Federal Reserve Bank of New York disclosed that this week the bank's president, John Williams, held meetings with various Wall Street banks to discuss a key short-term lending tool. The spokesperson stated: "President Williams convened primary dealers of the New York Fed to continue discussions on the 'permanent repo facility' as a tool for implementing monetary policy, and to solicit feedback to ensure that this tool remains effective in interest rate control." The meeting took place on Wednesday during a break in the annual U.S. Treasury market conference.