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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8,032

SSRN CITATIONS
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Top 7,669

in Total Papers Citations

49

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 1,278 (20,259)
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 (22,383)
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 1,060 (26,649)
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 730 (44,796)
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 658 (51,418)
Citation 1

Abstract:

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Treasury auctions

6.

Explaining Settlement Fails

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 496 (73,454)
Citation 6

Abstract:

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settlement fails, securities lending, repurchase agreements, Treasury securities

7.

The Evolution of Repo Contracting Conventions in the 1980s

Number of pages: 16 Posted: 21 Jul 2006
Kenneth Garbade
Federal Reserve Bank of New York
Downloads 452 (82,167)
Citation 2

Abstract:

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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 281 (139,474)
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

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 238 (164,740)
Citation 16

Abstract:

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buybacks, reverse auctions, debt management

10.

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

Number of pages: 19 Posted: 26 Mar 2007
Kenneth Garbade
Federal Reserve Bank of New York
Downloads 173 (220,461)
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 147 (252,553)
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

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 140 (262,617)
Citation 12

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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 (269,734)
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?

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 128 (281,185)
Citation 2

Abstract:

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

15.

The Early Years of the Primary Dealer System

Number of pages: 40 Posted: 09 Jun 2016 Last Revised: 30 Aug 2017
Kenneth Garbade
Federal Reserve Bank of New York
Downloads 122 (291,461)

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primary dealer, open market operations, System Open Market Account

16.

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

Number of pages: 49 Posted: 29 Jun 2016 Last Revised: 30 Aug 2017
Kenneth Garbade
Federal Reserve Bank of New York
Downloads 118 (298,465)

Abstract:

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repurchase agreements, reserves management, accord

17.

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 116 (302,135)
Citation 5

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auction, subscription, exchange

18.

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

Number of pages: 17 Posted: 16 Jun 2008 Last Revised: 31 Jul 2008
Kenneth Garbade
Federal Reserve Bank of New York
Downloads 112 (309,696)
Citation 1

Abstract:

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Treasury debt management, Treasury auctions, Treasury bills

19.

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

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 94 (347,821)
Citation 4

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market liquidity, treasury market, treasury securities

20.

Managing the Treasury Yield Curve in the 1940s

Number of pages: 35 Posted: 15 Feb 2020
Kenneth Garbade
Federal Reserve Bank of New York
Downloads 84 (375,645)
Citation 7

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debt management, open market operations, yield curve management

21.

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

Number of pages: 30 Posted: 09 Aug 2014
Kenneth Garbade
Federal Reserve Bank of New York
Downloads 73 (404,319)
Citation 5

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Treasury debt issuance, Federal Reserve, direct purchases

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 (455,011)

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23.

The First Debt Ceiling Crisis

Number of pages: 13 Posted: 06 Jul 2016 Last Revised: 11 Nov 2017
Kenneth Garbade
Federal Reserve Bank of New York
Downloads 57 (458,831)

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

Number of pages: 38 Posted: 20 Jan 2017
Kenneth Garbade
Federal Reserve Bank of New York
Downloads 29 (590,317)

Abstract:

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

25.

Federal Reserve Participation in Public Treasury Offerings

Number of pages: 23 Posted: 16 Dec 2019
Kenneth Garbade
Federal Reserve Bank of New York
Downloads 25 (615,919)

Abstract:

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debt management, open market operations, auctions

26.

The Treasury Market Practices Group: Creation and Early Initiatives

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 21 (643,716)

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

Number of pages: 63 Posted: 31 Jul 2020
Kenneth Garbade
Federal Reserve Bank of New York
Downloads 11 (718,616)

Abstract:

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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

Abstract:

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