Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (79861)	12/16/1999 9:48:00 AM
From: clochard	Read Replies (1) \| Respond to of 86076

All morning long: Thursday December 16, 9:33 am Eastern Time Alert: Fed Says Adds Reserves Via 14-day Fixed System Repos, Tri-party Settlement (options, currency) Thursday December 16, 9:33 am Eastern Time Fed seen adding reserves via overnight or fixed RPs NEW YORK, Dec 16 (Reuters) - The Federal Reserve is expected to add reserves to the banking system on Thursday through overnight or fixed-system repurchase agreements, analysts said. ''I think they're going to err on the side of oversupply and keep adding,'' said Kim Rupert, economist at Standard & Poor's MMS. But analysts were cautious on Thursday trying to predict what kind of form that adding would take. ''They could do an overnight, they could do a term, they could pre-announce some other operation too ... anything is possible,'' said Carol Stone, senior economist at Nomura Securities International. ''But I do think that they will do something.'' On Wednesday, the Fed said it added reserves through five-day forward repos and a separate overnight system repurchase agreements operation, on top of 21-day fixed-system repos pre-announced on Tuesday. The Fed also made an outright purchase of Treasury securities on Wednesday.