Policy Tools
The Federal Reserve has a variety of policy tools that it uses in order to implement monetary policy.
- Open Market Operations
- Discount Window
- Reserve Requirements
- Interest on Reserve Balances
- Overnight Reverse Repurchase Agreement
- Term Deposit Facility
- Central Bank Liquidity Swaps
- Foreign and International Monetary Authorities (FIMA) Repo Facility
- Standing Overnight Repurchase Agreement
- Expired Policy Tools
Last Update:
December 12, 2025