The Federal Reserve Bank of New York added $97.9 billion in temporary liquidity to the financial system.

Monday’s intervention came in two parts. One was via overnight repurchase agreements, or repos, that totaled $72.9 billion. The other was via 42-day repos. While the Fed took all the securities dealers offered it for the overnight repo, the longer-term operation saw eligible banks offer $42.55 billion in securities versus the $25 billion the Fed took.

Source link

About the Author:

Leave a Reply