wsj-social-share.png


The Federal Reserve Bank of New York added $72.8 billion in temporary liquidity to financial markets Friday.

The intervention came via three-day repurchase agreements, or repos. The Fed took all the securities offered to it by eligible banks. Fed repo interventions take in Treasury and mortgage securities from eligible banks in what is effectively a short-term loan of central-bank cash, collateralized by the securities.

The…



Source link

About the Author:

Leave a Reply