Board of Governors of the Federal Reserve System

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 Operations
• Term Deposit Facility
• Central Bank Liquidity Swaps
• Foreign and International Monetary Authorities (FIMA) Repo Facility
• Standing Repurchase Agreement Operations
• Expired Policy Tools