Fed adds $5 billion reserves through 28-day repos

US - The Federal Reserve said on Thursday it added $5.0 billion in temporary reserves to the banking system through the purchases of 28-day fixed system repurchase agreements.

It accepted as collateral:

- $2.541 billion in Treasuries, stop-out 1.69 percent,

- $1.707 billion in agencies, stop-out 1.73 percent,

- $0.752 billion in mortgage-backed securities, stop-out 1.74 percent.

In morning dealings, federal funds were trading at 1.75 percent, which matched the Fed's 1.75 percent target for 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: