Standing US$ repo facility on the cards 14 March 2019 4:55PM Banking Day staff Debt capital markets, Finance regulation, Foreign news, A standing repo facility is an idea getting traction at the US Federal Reserve.This repo would involve banks converting Treasury bonds to reserves on demand at an administered rate.The aim is to keep money-market rates from rising too far above the Fed's target range, Bloomberg reports.It said the Federal Reserve Bank of New York asked primary dealers (the traders who deal directly with the central bank) what it should do to cap the vital Fed Funds rate.