By Michael S. Derby
May 28 (Reuters) - The Federal Reserve Bank of New York said Wednesday that late next month it will add morning offerings for its liquidity providing Standing Repo Facility.
The morning Standing Repo Facility, or SRF, operations will join with existing afternoon operations, and will be available starting June 26.
"The additional daily morning SRF operations are intended to further enhance the effectiveness of the SRF in its ability to support the effective implementation of monetary policy and smooth market functioning," the bank said in a statement.