Monday, October 29, 2007

WRAPUP 1-Fed adds $31 bln reserves: biggest day in 2 weeks

As a bookend to our earlier post
(and because I forgot to include the link to the New York Fed).
This is dated Oct. 25.
From Reuters:
The U.S. Federal Reserve on Thursday added a total $31 billion of temporary reserves to the banking system via repurchase agreements, its biggest daily open market injection in two weeks.

On October 11, also a Thursday, when multiple open market operations are common, the Fed added a total $35.5 billion of temporary reserves to the banking system.

Thursday's three operations were a $6 billion 14-day repo, a $19 billion 7-day repo and a $6 billion overnight repo....MORE


Federal Reserve Bank Of New York

Deal Date: Monday, October 29, 2007
Delivery Date: Monday, October 29, 2007
Maturity Date: Tuesday, October 30, 2007
Type of Operation1: Repo
Settlement: Same Day
Term of Operation2: 1 Day
Operation Close Time: 09:40 AM

Results Amount ($B) Rate (%)
Collateral Type Submitted Accepted Stop-Out3 Weighted
Average4
High Low
Treasury
30.400
1.172

4.75


4.750


4.75


4.60

Agency
20.675
4.500

4.83


4.830


4.83


4.65

Mortgage-Backed
14.600
3.078

4.88


4.886


4.89


4.75

Total
 65.675
  8.750