“New York Fed Adds $82.7 Billion To Financial System in Latest Repo Transaction”
October 14, 2019
“The Federal Reserve Bank of New York added $82.7 billion to the financial system Friday, using the market for repurchase agreements, or repo, to relieve funding pressure in money markets.
Banks asked for $21.15 billion in 6-day loans, all of which was accepted by the Fed, offering collateral in the form of Treasury and mortgage securities.
In a second separate operation, banks asked for $61.55 billion in overnight reserves, all of which the Fed accepted, also offering collateral in the form of Treasury and mortgage securities…”