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Reply #43: 2nd Pump: Fed adds reserves via 7-day repurchase agreements [View All]

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-13-07 11:20 AM
Response to Reply #21
43. 2nd Pump: Fed adds reserves via 7-day repurchase agreements
http://www.reuters.com/article/bondsNews/idUSNYD00008020070913

NEW YORK, Sept 13 (Reuters) - The U.S. Federal Reserve said on Thursday it added temporary reserves to the banking system through 7-day repurchase agreements, in the second operation of the day.

Federal funds, the benchmark overnight lending rate to banks, last traded steady at 5.00 percent, below the Fed's target rate of 5.25 percent.
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