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Strategies & Market Trends : News Links and Chart Links

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To: Les H who wrote (4484)	1/2/2003 9:42:35 AM
From: pallmer	Read Replies (1) of 29599

-- Fed adds $3.0 bln in reserves via 28-day repos -- NEW YORK, Jan 2 (Reuters) - The Federal Reserve said on Thursday it added $3.0 billion in temporary reserves to the banking system through 28-day fixed system repurchase agreements. The Fed accepted the following collateral: -- $3.000 billion in Treasuries, stop-out 1.240 percent. Federal funds were trading at 1.3125 percent, above the Fed's current target for the rate of 1.25 percent. ((Reporting by Wayne Cole; editing by Gerald E. McCormick; Messaging: wayne.cole.reuters.com@reuters.net; 646-223-6278)) (C) Reuters 2003. 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. nN02163775 FED/ 02-Jan-2003 14:17:33 GMT Source RTRS - Reuters News

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