Fed to add another $60 billion in February
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
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