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The New DU. Reply #22: Treasury Check-Kiting Scheme: Fed adds reserves through 2-day system repur
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UpInArms
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Tue Aug-30-05 08:52 AM
Response to Reply #18 |
| 22. Treasury Check-Kiting Scheme: Fed adds reserves through 2-day system repur |
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Fed adds reserves through 2-day system repurchaseshttp://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2005-08-30T133232Z_01_N30342832_RTRIDST_0_MARKETS-FED-OPERATIONS.XMLNEW YORK, Aug 30 (Reuters) - The Federal Reserve said on Tuesday it added temporary reserves to the banking system through two-day system repurchase agreements.
Fed funds last traded at 3.563 percent, above the Fed's target of 3.500 percent for the rate on overnight loans between banks.
Further details of the operations are available at: http://www.ny.frb.org/markets/omo/dmm/temp.cfm
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