New York Fed met with Wall Street firms about key lending facility: FT

New York Federal Reserve President John Williams met with Wall Street's dealers last week about a key lending facility, the Financial Times reported , citing three individuals familiar with the matter.

The meeting, which took place on the sidelines on Wednesday at the Fed's annual Treasury market conference, included representatives from many of the 25 primary dealers of banks that underwrite the government's debt, according to the report. The meeting participants were members of banks' teams that specialize in fixed income markets, the report said.

CNBC has confirmed the meeting took place.

Williams sought feedback from these dealers on the use of the Fed's standing repo facility — a permanent lending tool that allows eligible financial institutions to borrow cash from the central ba