On March 8th, the Federal Reserve Bank of New York announced that it will expand the number of counterparties for conducting reverse repurchase agreement transactions ("reverse repos"). The additional counterparties will not be eligible to participate in transactions conducted by the New York Fed other than reverse repos. The New York Fed also published the eligibility criteria for the first set of expanded counterparties, domestic money market mutual funds. In the coming months, the New York Fed anticipates that it will publish criteria for additional types of firms and for expanded eligibility within previously identified types of firms. A master agreement for money market mutual funds is expected to be published in one month. New York Fed Press Release.