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

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To: Les H who wrote (134422)11/14/2001 12:13:13 PM
From: Ken98  Read Replies (2) of 436258
 
Another mondo coupon pass:

<<Fed adds $2.09 bln in permanent bank reserves
(UPDATE: Adds volume)

NEW YORK, Nov 14 (Reuters) - The Federal Reserve said on Wednesday it added $2.090 billion in permanent banking reserves by buying U.S. Treasury bills dated Dec. 20, 2001 through May 16, 2002 on the open market.

Earlier, the Fed added $2.75 billion in temporary banking reserves via overnight fixed system repurchase agreements.

The Fed accepted the following collateral for that operation:
-- Treasuries: $0.600 billion, stop out 2.08 percent
-- Agencies: $0.185 billion, stop out 2.11 percent
-- MBS: $1.965 billion, stop out 2.12 percent>>

Note again the composition of primarily MBS in the repo. Note also the VERY short maturities on the coupon pass. Interesting...
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