Kenneth Garbade

Federal Reserve Bank of New York

Vice President

33 Liberty Street

New York, NY 10045

United States

SCHOLARLY PAPERS

28

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7,869

SSRN CITATIONS
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Top 7,598

in Total Papers Citations

50

CROSSREF CITATIONS

122

Scholarly Papers (28)

1.

The Repurchase Agreement Refined: Gcf Repo

Number of pages: 7 Posted: 14 Mar 2005
Michael J. Fleming and Kenneth Garbade
Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 1,259 (19,512)
Citation 1

Abstract:

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repurchase agreements, RP, repo, fails, negative interest rates

2.

An Institutional Innovation to Reduce the Agency Costs of Public Corporate Bonds

Number of pages: 23 Posted: 15 Jan 2001
Yakov Amihud, Kenneth Garbade and Marcel Kahan
New York University - Stern School of Business, Federal Reserve Bank of New York and New York University School of Law
Downloads 1,195 (21,114)
Citation 1
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3.

Repurchase Agreements with Negative Interest Rates

Number of pages: 7 Posted: 04 Oct 2004
Michael J. Fleming and Kenneth Garbade
Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 1,046 (25,664)
Citation 2

Abstract:

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repurchase agreements, gcf repo, general collateral, fixed income clearing corporation, dealer finance

4.

Recent Innovations in Treasury Cash Management

Number of pages: 12 Posted: 03 Dec 2004
Kenneth Garbade, John Partlan and John Santoro
Federal Reserve Bank of New York, Federal Reserve Bank of New York and affiliation not provided to SSRN
Downloads 724 (42,900)
Citation 1

Abstract:

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cash management, auctions, payments, reserves management, monetary policy

5.

The Treasury Auction Process: Objectives, Structure, and Recent Adaptations

Number of pages: 11 Posted: 08 Mar 2005
Kenneth Garbade and Jeffrey Ingber
Federal Reserve Bank of New York and Independent
Downloads 650 (49,508)
Citation 1

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Treasury auctions

6.

Explaining Settlement Fails

Current Issues in Economics and Finance, Vol. 11, No. 9, September 2005
Number of pages: 7 Posted: 26 Oct 2005
Michael J. Fleming and Kenneth Garbade
Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 481 (72,358)
Citation 6

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settlement fails, securities lending, repurchase agreements, Treasury securities

7.

The Evolution of Repo Contracting Conventions in the 1980s

Economic Policy Review, Vol. 12, No. 1, May 2006
Number of pages: 16 Posted: 21 Jul 2006
Kenneth Garbade
Federal Reserve Bank of New York
Downloads 446 (79,275)
Citation 2

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repurchase agreements, repos, Drysdale, tri-party

8.

When the Back Office Moved to the Front Burner: Settlement Fails in the Treasury Market after September 11

Number of pages: 23 Posted: 15 Sep 2004
Michael J. Fleming and Kenneth Garbade
Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 273 (136,947)
Citation 5

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Settlement fails, Treasury market, repurchase agreement, repo market, securities lending, September 11

9.

Buybacks in Treasury Cash and Debt Management

FRB of New York Staff Report No. 304
Number of pages: 67 Posted: 23 Oct 2007
Kenneth Garbade and Matthew Rutherford
Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 234 (159,454)
Citation 16

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buybacks, reverse auctions, debt management

10.

The Emergence of 'Regular and Predictable' as a Treasury Debt Management Strategy

Economic Policy Review, Vol. 13, No. 1, March 2007
Number of pages: 19 Posted: 26 Mar 2007
Kenneth Garbade
Federal Reserve Bank of New York
Downloads 172 (211,325)
Citation 4

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Debt management policy, Treasury auctions, Treasury securities, federal deficits

11.

Origins of the Federal Reserve Book-Entry System

Number of pages: 18 Posted: 13 Dec 2004
Kenneth Garbade
Federal Reserve Bank of New York
Downloads 142 (247,918)
Citation 2

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book-entry, treasury securities, dual capacity

12.

The Introduction of the TMPG Fails Charge for U.S. Treasury Securities

Economic Policy Review, Vol. 16, No. 2, October 2010
Number of pages: 27 Posted: 17 Oct 2010
Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 138 (253,648)
Citation 13

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TMPG fails charge, U.S. Treasury securities

Anomalous Bidding in Short-Term Treasury Bill Auctions

Number of pages: 21 Posted: 28 Sep 2004
Michael J. Fleming, Kenneth Garbade and Frank M. Keane
Federal Reserve Bank of New York, Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 136 (257,459)
Citation 3

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Treasury bill, auction procedures, bidding behavior

Anomalous Bidding in Short-Term Treasury Bill Auctions

Posted: 04 May 2004
Michael J. Fleming, Kenneth Garbade and Frank M. Keane
Federal Reserve Bank of New York, Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York

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Treasury bills, auctions, bidding

14.

Why is the U.S. Treasury Contemplating Becoming a Lender of Last Resort for Treasury Securities?

FRB of NY Staff Report No. 223
Number of pages: 26 Posted: 26 Oct 2005 Last Revised: 10 Jun 2010
Kenneth Garbade and John Kambhu
Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 127 (270,114)
Citation 2

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securities lending, repurchase agreements, Federal Reserve, Treasury securities, settlement fails

15.

The Institutionalization of Treasury Note and Bond Auctions, 1970-75

Number of pages: 17 Posted: 28 Sep 2004
Kenneth Garbade
Federal Reserve Bank of New York
Downloads 115 (290,292)
Citation 5

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auction, subscription, exchange

16.

The Early Years of the Primary Dealer System

FRB of NY Staff Report No. 777
Number of pages: 40 Posted: 09 Jun 2016 Last Revised: 30 Aug 2017
Kenneth Garbade
Federal Reserve Bank of New York
Downloads 114 (292,073)

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primary dealer, open market operations, System Open Market Account

17.

Why the U.S. Treasury Began Auctioning Treasury Bills in 1929

Federal Reserve Bank of New York - Economic Policy Review, Vol. 14, No. 1, July 2008
Number of pages: 17 Posted: 16 Jun 2008 Last Revised: 31 Jul 2008
Kenneth Garbade
Federal Reserve Bank of New York
Downloads 108 (303,273)
Citation 1

Abstract:

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Treasury debt management, Treasury auctions, Treasury bills

18.

Repurchase Agreements as an Instrument of Monetary Policy at the Time of the Accord

FRB of NY Staff Report No. 780
Number of pages: 49 Posted: 29 Jun 2016 Last Revised: 30 Aug 2017
Kenneth Garbade
Federal Reserve Bank of New York
Downloads 107 (305,284)

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repurchase agreements, reserves management, accord

19.

Enhancing the Liquidity of U.S. Treasury Securities in an Era of Surpluses

Economic Policy Review, Vol. 6, No. 1, April 2000
Number of pages: 31 Posted: 08 Mar 2006
Paul B. Bennett, Kenneth Garbade and John Kambhu
Fordham University Business School, Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 92 (336,944)
Citation 4

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market liquidity, treasury market, treasury securities

20.

Direct Purchases of U.S. Treasury Securities by Federal Reserve Banks

FRB of New York Staff Report No. 684
Number of pages: 30 Posted: 09 Aug 2014
Kenneth Garbade
Federal Reserve Bank of New York
Downloads 69 (398,387)
Citation 5

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Treasury debt issuance, Federal Reserve, direct purchases

21.

Managing the Treasury Yield Curve in the 1940s

FRB of New York Staff Report No. 913
Number of pages: 35 Posted: 15 Feb 2020
Kenneth Garbade
Federal Reserve Bank of New York
Downloads 68 (401,481)
Citation 7

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debt management, open market operations, yield curve management

22.

Enhancing the Liquidity of U.S. Treasury Securities in an Era of Surpluses*

NYU Working Paper No. FIN-99-083
Number of pages: 61 Posted: 11 Nov 2008
Paul B. Bennett, Kenneth Garbade and John Kambhu
Fordham University Business School, Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 58 (435,103)

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23.

The First Debt Ceiling Crisis

FRB of NY Staff Report No. 783
Number of pages: 13 Posted: 06 Jul 2016 Last Revised: 11 Nov 2017
Kenneth Garbade
Federal Reserve Bank of New York
Downloads 39 (512,790)

Abstract:

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debt ceiling, monetization of gold, U.S. Treasury

24.

Beyond Thirty: Treasury Issuance of Long-Term Bonds from 1953 to 1965

FRB of NY Staff Report No. 806
Number of pages: 38 Posted: 20 Jan 2017
Kenneth Garbade
Federal Reserve Bank of New York
Downloads 27 (576,920)

Abstract:

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Treasury debt management, long-term bonds, U.S. Treasury

25.

Federal Reserve Participation in Public Treasury Offerings

FRB of New York Staff Report No. 906
Number of pages: 23 Posted: 16 Dec 2019
Kenneth Garbade
Federal Reserve Bank of New York
Downloads 22 (609,512)

Abstract:

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debt management, open market operations, auctions

26.

The Treasury Market Practices Group: Creation and Early Initiatives

FRB of NY Staff Report No. 822
Number of pages: 60 Posted: 07 Sep 2017
Kenneth Garbade and Frank M. Keane
Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 19 (629,871)

Abstract:

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Treasury Market Practices Group, behavioral norms, fails charge, dealer time, margin

27.

Managing the Maturity Structure of Marketable Treasury Debt: 1953-1983

FRB of New York Staff Report No. 936
Number of pages: 63 Posted: 31 Jul 2020
Kenneth Garbade
Federal Reserve Bank of New York
Downloads 8 (711,294)

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Treasury debt management, maturity structure of debt, advance refundings

28.

A New Governance Structure for Corporate Bonds

Posted: 18 Sep 1998
Yakov Amihud, Kenneth Garbade and Marcel Kahan
New York University - Stern School of Business, Federal Reserve Bank of New York and New York University School of Law

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