not only US treasuries are accepted as collateral for SRF

dealers/market makers can use:

1️⃣ US. Treasuries
2️⃣ agency debt
3️⃣ agency mortgage-backed securities

agency debt instruments aren't issued by US Treasury, but by government sponsored enterprises (GSE) & federal agencies

Illya Gerasymchuk 2025-07-07 18:06

current SRF minimum bid rate is 4.5%

that's the annualized rate that the federal reserve sets requires dor overnight repo loans via Standing Repo Facility

dealers/market makers can borrow cash against US treasuries for 1 day at ≈4.5% annualized directly from the FED