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To: pallmer who wrote (5688)	2/12/2003 10:01:45 AM
From: pallmer	Respond to of 29592

-- Fed adds $4.746 bln reserves by 8-day repos -- NEW YORK, Feb 12 (Reuters) - The Federal Reserve said on Wednesday it added $4.746 billion in temporary reserves to the banking system through a round of eight-day fixed-system repurchase agreements. The Fed accepted the following collateral: -- $4.723 billion in Treasuries, stop-out 1.22 percent. -- $0.023 billion in Agencies, stop-out 1.26 percent. At the time of the operation, federal funds were trading at 1.25 percent, matching the central bank's target for the rate. ((Reporting by Wayne Cole; editing by Gerald E. McCormick; Reuters Messaging: wayne.cole.reuters.com@reuters.net; phone 646-223-6278)) (C) Reuters 2003. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world. nN12268375 FED/ 12-Feb-2003 15:00:27 GMT Source RTRS - Reuters News