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To: pater tenebrarum who wrote (81148)12/27/1999 9:45:00 AM
From: MythMan  Read Replies (1) | Respond to of 86076
 
Monday December 27, 9:31 am Eastern Time
Fed adds reserves via 17-day fixed repos
NEW YORK, Dec 27 (Reuters) - The Federal Reserve said it added temporary reserves to the banking system on Monday via 17-day fixed system repurchase agreements.

The repurchases are for tri-party settlement.

Federal funds were trading at 5-7/16 percent at the time of the operation, according to Garban-Intercapital, below the Fed's target for the rate.