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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (22626)	3/2/1999 10:45:00 AM
From: J. P.	Respond to of 86076

<<Fed seen adding reserves via overnight system RPs>> I think this can be stalling the inevitable. Grandpa Al gives the market too much candy before dinner gonna spoil its apettite.. Fed seen adding reserves via overnight system RPs NEW YORK, March 2 (Reuters) - The Federal Reserve on Tuesday is expected to inject reserves to the banking system through a round of overnight system repurchase agreements. Analysts said the Fed still faces a hefty add need of about $7 billion a day in the current maintenance period that ends next Wednesday. On Monday, the Fed added more than $8 billion of reserves to the system through overnight repos. Analysts said unknown special factors seemed to have drained reserves more than anticipated, although the factors should be temporary. (Note: this article is ''in progress''; there will likely be an update soon.)