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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (39022)	7/16/2001 9:15:45 AM
From: stockman_scott	Respond to of 65232

Fed adds $2.0 bln in reserves via 28-day repos Monday July 16, 9:10 am Eastern Time <<NEW YORK, July 16 (Reuters) - The Federal Reserve said on Monday it added $2.0 billion in temporary reserves to the banking system through a round of 28-day fixed system repurchase agreements. The Fed accepted the following collateral: -- $1.810 billion in Treasuries, stop out 3.66 percent, -- $0.190 billion in agencies, stop out 3.74 percent. In morning dealings, federal funds were trading at 3.81 percent, according to Garban-Intercapital, above the Fed's 3.75 percent target for the rate.>>