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To: Ken98 who wrote (38105)	11/16/2000 2:38:20 PM
From: Grandk	Respond to of 436258

Could someone explain to me why this has worked to prop up the markets in the past? TIA- Clownbuck report: Monday: <<9:05 AM Fed adds $3.010 bln in reserves via 28-day repos 10:16 AM Fed adds $2.710 bln in reserves via overnight repos >> Tuesday: <<10:08 AM Fed adds $5.305 bln in reserves via two-day repos >> Wednesday: <<10:07 AM Fed adds $6.50 billion in reserves via overnight repos >> Today: <<9:06 AM Fed adds $2.00 billion via 28-day repos 10:04 AM Fed adds $5.01 bln in reserves by overnight repos>>