Fed to add another $60 billion in February

The Federal Reserve said on Friday that it will inject an extra $60 billion into the money markets through two term-auction facility operations.

The two operations, each of which will pledge $30 billion in loans with a 28-day maturity, will take place on 11 and 25 February and are designed to alleviate liquidity tensions.

In a bid to encourage smaller institutions to participate in the operations, the Fed has lowered the minimum bid rate to $5 billion from $10 billion in previous auctions.

The

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: