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Fed adds $2.111 bln in reserves by buying T-bills
FRIDAY, FEBRUARY 23, 2001 11:51:00 AM EST
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NEW YORK, Feb 23 (Reuters) - The Federal Reserve said on Friday it bought $2.111 billion of U.S. Treasury bills dated Mar. 29, 2001 through Aug. 30, 2001, adding permanent reserves to the banking system.
Delivery was set for Monday, Feb. 26.
There were five exclusions from the maturity range:
-- April 5, 2001
-- May 3, 2001
-- June 7, 2001
-- July 5, 2001
-- Aug. 2, 2001
Federal funds were trading at 5-7/16 percent, below the Fed's 5-1/2 percent target for the rate. |
