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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: pater tenebrarum who wrote (83570)1/18/2000 9:55:00 AM
From: clochard  Read Replies (1) of 86076
 
Did you see the blip? Must have been only a few billion.

Tuesday January 18, 9:37 am Eastern Time

Fed says adds reserves via overnight system repos

NEW YORK, Jan 18 (Reuters) - The Federal Reserve said it added temporary reserves to the banking system on Tuesday via overnight system purchase agreements.

At the time of the operation, federal funds were trading at 5-13/16 percent, according to Garban-Intercapital, above the Fed's 5-1/2 percent target for the rate.
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