The Federal Reserve Bank of New York sent out a release entitled, "Reverse repo counterparties list updated." It says, "BlackRock Treasury Money Market Master Portfolio and Wilmington U.S. Government Money Market Fund have been added to the list of reverse repo counterparties, effective August 16, 2017." The Federal Reserve also released its latest "Minutes of the Federal Open Market Committee, July 25-26, 2017. They say, "Conditions in short-term funding markets were stable over the intermeeting period. Reflecting the FOMC's policy action in June, yields on a broad set of money market instruments moved about 25 basis points higher. However, over much of the period, the net increase in rates on shorter-dated Treasury bills was smaller, reportedly reflecting a reduction in Treasury bill supply.... Members agreed that the timing and size of future adjustments to the target range for the federal funds rate would depend on their assessment of realized and expected economic conditions relative to the Committee’s objectives of maximum employment and 2 percent inflation. They expected that economic conditions would evolve in a manner that would warrant gradual increases in the federal funds rate, and that the federal funds rate was likely to remain, for some time, below levels that are expected to prevail in the longer run. They also again stated that the actual path of the federal funds rate would depend on the economic outlook as informed by incoming data."

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