The Federal Reserve Bank of New York added $49.7 billion to the financial system Monday, using the market for overnight repurchase agreements, or repo, to relieve funding pressure in money markets.
Banks asked for $49.7 billion in overnight reserves, offering collateral in the form of U.S. Treasury and mortgage securities.
The New York Fed had offered to add at least $75 billion daily to the financial system through Oct. 10.
https://www.wsj.com/articles/fed-adds-49-7-billion-to-financial-system-11569243612?mod=hp_lista_pos5
Banks asked for $49.7 billion in overnight reserves, offering collateral in the form of U.S. Treasury and mortgage securities.
The New York Fed had offered to add at least $75 billion daily to the financial system through Oct. 10.
https://www.wsj.com/articles/fed-adds-49-7-billion-to-financial-system-11569243612?mod=hp_lista_pos5
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