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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (17421)	3/15/2000 8:59:00 AM
From: MythMan	Respond to of 42523

ho ho

To: re3 who wrote (17421)	3/15/2000 9:02:00 AM
From: clochard	Respond to of 42523

The nuances of printing in a nutshell: Wednesday March 15, 8:48 am Eastern Time Fed seen adding reserves via overnight system repos NEW YORK, March 15 (Reuters) - The Federal Reserve is likely to add temporary reserves to the banking system on Wednesday through a round of overnight system repurchase agreements, analysts said. Dana Saporta, Fed watcher at Stone & McCarthy Research Associates, forecast an average daily add need of $3.5 billion per day for the remaining eight days of the Fed's two-week maintenance period. A Wednesday repo would supplement a $2.85 billion seven-day fixed system repo from Friday and Tuesday's $3.31 billion two-day fixed repo, as well as $15 billion in repos outstanding from February. ``Because there's so much outstanding and overlapping, today's RP might be a little smaller, maybe a bit closer to $3 billion,' Saporta said. In early dealings, Federal funds were trading at between 5-7/8 and 5-15/16 percent, above the Fed's 5-3/4 percent target, according to Garban Intercapital.