The intervention came in two parts and the central bank took all the securities it was offered

Former Reporter

The Federal Reserve Bank of New York added $108.95bn in temporary liquidity to the financial system on Wednesday.

The intervention came in two parts. There were $87.95bn in overnight repurchase agreements, or repos, and $21bn in 15-day repos. The central bank took all the securities it was offered.

New York Fed pumps $108.9bn into repo markets

Dave Sebastian

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