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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: AllansAlias who wrote (83357)3/21/2001 11:01:14 AM
From: GraceZ  Read Replies (2) of 436258
 
Something smells bad here

Major league air drop. It's the biggest one ever.

Fed adds $13.305 bln via overnight fixed system repos

biz.yahoo.com

Fed adds reserves via overnight and 8-day repos
(UPDATE: Adds collateral)

NEW YORK, March 21 (Reuters) - The Federal Reserve said on Wednesday it added a combined $16.805 billion in temporary reserves to the banking system through two open market operations.

The Fed added $13.305 billion via overnight repos and accepted the following collateral:

-- $4.755 billion in Treasuries, stop out 4.75 percent,
-- $6.840 billion in agencies, stop out 4.84 percent,
-- $1.710 billion in MBS, stop out 4.86 percent.

The Fed also added $3.5 billion via 8-day repos and accepted the following collateral:

-- $1.370 billion in Treasuries, stop out 4.73 percent,
-- $1.340 billion in agencies, stop out 4.83 percent,
-- $0.790 billion in MBS, stop out 4.86 percent.

In morning dealings, federal funds were trading at 5-1/16 percent, according to Garban-Intercapital, above the Fed's 5 percent target for the rate.
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