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

Fed pumps $198 billion into short-term bank funding operations amid big demand

The Federal Reserve’s accelerated moves to help the short-term funding that banks use to operate saw strong demand in their initial outing Thursday.

In three separate operations, the central bank added more than $198 billion to the financial system in a combination of overnight and longer-term offerings announced a day before. Institutions showed big demand for the facilities, offering bids well in excess of the offerings for two of the operations. Source CNBC

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