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Reply #39: Printing Press Report:Fed adds temporary U.S. reserves via overnight RPs [View All]

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-16-05 09:42 AM
Response to Reply #30
39. Printing Press Report:Fed adds temporary U.S. reserves via overnight RPs
http://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2005-11-16T143233Z_01_N16342544_RTRIDST_0_MARKETS-FED-OPERATIONS.XML

NEW YORK, Nov 16 (Reuters) - The Federal Reserve on Wednesday said that it added temporary reserves to the U.S. banking system through overnight system repurchase agreements.

The benchmark federal funds rate last traded at 4.00 percent, the Fed's target for the overnight lending rate.

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