Regulation

NY Fed pumps another $97.9bn into markets amid demand for year-end funding

Interventions ensure markets have enough liquidity and short-term borrowing rates remain well-behaved

The Federal Reserve Bank of New York again saw very strong demand for liquidity aimed at helping financial markets navigate the turn of the year.

The demand once again arrived as the Fed added temporary liquidity to financial markets Monday. All together the central bank pumped in $97.9bn in two parts. One was via overnight repurchase agreements, or repos, that totaled $72.9bn. The other was via 42-day repos.

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