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To: per strandberg who wrote (81953)1/3/2000 8:49:00 AM
From: clochard  Read Replies (1) | Respond to of 86076
 
What excuse do they have for this:

Monday January 3, 8:38 am Eastern Time

Fed says adds reserves via overnight system repos

NEW YORK, Jan 3 (Reuters) - The Federal Reserve said it added temporary reserves to the banking system on Monday via overnight system repurchase agreements for tri-party settlement.

Federal funds were trading at 5-3/4 percent at the time of the operation, according to Garban-Intercapital, above the Fed's target for the rate.