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To: Terry Whitman who wrote (33087)4/13/1999 3:37:00 PM
From: accountclosed  Respond to of 86076
 
but the release from yesterday said they were adding 3 day repos so those funds are still in the banking system. several days back they added 14 day repos...and there have been several permanent additions to reserves over the last two weeks. i expect they get to the point where they are flipping a certain amount every day and give it up and add to permanent reserves achieving a new plateau...then the game starts again.

lots of tax effects right now for sure...lots of money will be flying around the banking system over the next week or so.