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Strategies & Market Trends : News Links and Chart Links

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Nov 19 4:00 PM EST

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To: Les H who wrote (4330)	12/26/2002 11:18:23 AM
From: pallmer	Read Replies (1) of 29597

-- Fed adds further $7.5 bln in reserves via repos -- NEW YORK, Dec 26 (Reuters) - The Federal Reserve said on Thursday it added $7.50 billion in temporary reserves to the banking system through 7-day fixed system repurchase agreements. The Fed accepted the following collateral: -- $3.250 billion in agencies, stop out 1.330 percent. -- $4.250 billion in mortgage-backed, stop out 1.350 percent. Earlier, the Fed added $5.0 billion in reserves through 28-day repurchase agreements. Federal funds were trading at 1.250 percent, matching the Fed's current target for the rate. ((Reporting by Wayne Cole; editing by Phil Berlowitz; Messaging: wayne.cole.reuters.com@reuters.net; 646-223-6278)) (C) Reuters 2002. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world. nN26322560 FED/ 26-Dec-2002 16:15:51 GMT Source RTRS - Reuters News

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