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Reply #63: Printing Press Report:Fed adds reserves via overnight system repos [View All]

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-18-06 09:53 AM
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63. Printing Press Report:Fed adds reserves via overnight system repos
http://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2006-01-18T144342Z_01_N18346908_RTRIDST_0_MARKETS-FED-OPERATIONS.XML

NEW YORK, Jan 18 (Reuters) - The Federal Reserve said on Wednesday that it added temporary reserves to the U.S. banking system through overnight system repurchase agreements.

The benchmark fed funds rate last traded at 4.25 percent, the Fed's current target for the overnight lending rate.

Further details of the operation are available at: http://www.ny.frb.org/markets/omo/dmm/temp.cfm
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