Global Analysis from the European Perspective. Preparing for the world of tomorrow

New Fed Repos Total $94.45 Billion, Total Temporary Money Ticks Up To $187.2 Billion

The Fed intervened in markets with an overnight repurchase agreement operation, or repo, totaling $64.45 billion and a 14-day repo totaling $30 billion. While the overnight operation saw eligible banks, known as primary dealers, take less money than the central bank was willing to provide, the banks offered the Fed $59.05 billion for the two-week repo, suggesting banks were eager to lock in central bank money for the longer run. Source Wall Street  Journall 

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