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Non-Tech : The ENRON Scandal
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To: flatsville who wrote (1827)1/30/2002 4:15:14 PM
From: Baldur Fjvlnisson  Read Replies (1) of 5185
 
Alan Pressman going apeshit today:

Fed added $7.25 billion reserves by 2-day repos
NEW YORK, Jan 30 (Reuters) - The Federal Reserve said on Wednesday it added $7.25 billion in temporary reserves to the banking system through two-day fixed system repurchase agreements.

The Fed accepted the following collateral:
-- $5.500 billion in Treasuries, stop-out 1.77 percent,
-- $0.085 billion in agencies, stop-out 1.81 percent,
-- $1.665 billion in MBS, stop-out 1.82 percent.

In morning dealings, federal funds were trading at 1.813 percent, above the Fed's 1.75 percent target for the rate.
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