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SPXL 194.72-4.6%Nov 20 4:00 PM EST

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To: Les H who wrote (5286)1/30/2003 10:09:48 AM
From: pallmer  Read Replies (2) of 29597
 
-- Fed adds $4.0 bln reserves by overnight repos --

NEW YORK, Jan 30 (Reuters) - The Federal Reserve said on
Thursday it added a further $4.00 billion of temporary reserves
to the banking system through a round of overnight fixed-system
repurchase agreements.
The Fed accepted the following collateral:
-- $3.184 billion in Treasuries, stop-out 1.27 percent;
-- $0.386 billion in agencies, stop-out 1.31 percent.
-- $0.430 billion in mortgage-backed, stop-out 1.31
percent.
Earlier, the Fed added $3.0 billion through 28-day repos.
At the time of the operations, federal funds were trading
at 1.25 percent, matching the central bank's target for the
rate.
((Reporting by Wayne Cole; editing by Gerald E. McCormick;
Reuters Messaging: wayne.cole.reuters.com@reuters.net; phone
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.


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30-Jan-2003 15:08:06 GMT
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