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To: i-node who wrote (53999)9/30/2013 5:34:30 PM
From: FJB  Respond to of 85487
 
Fed Withdraws Whopping $58 Billion In Liquidity In Latest Reverse Repo Test



Submitted by Tyler Durden on 09/30/2013 11:56 -0400

Open Market Operations Reverse Repo

It appears there is just a little excess liquidity sloshing around out there. Moments ago the Fed announced that as part of its most recent overnight reverse repo "liquidity withdrawal preparedness test", some 87 entities provided the Fed with a whopping $58.2 billion in overnight liquidity in exchange for Treasury collateral at a 0.01% stop out rate. This was the largest amount in liquidity soaked up (or, alternatively, collateral provided) by the Fed in its recent history of Temporary Open Market operations going back to 2012.