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Reply #25: Printing Press Report:Fed adds reserves via over-the-weekend repos [View All]

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-18-05 09:05 AM
Response to Reply #14
25. Printing Press Report:Fed adds reserves via over-the-weekend repos
http://today.reuters.com/investing/financeArticle.aspx?...

NEW YORK, Nov 18 (Reuters) - The Federal Reserve said on Friday that it added temporary reserves to the U.S. banking system through over-the-weekend 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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