Fed awards $84.36b re­verse re­pos

The Pak Banker - - FRONT PAGE -

The Fed­eral Re­serve awarded $84.36 bil­lion of overnight fixed-rate re­verse re­pur­chase agree­ments on Wed­nes­day to 31 bid­ders at an in­ter­est rate of 0.05 per­cent, the New York Fed said on its web­site. The Fed al­lot­ted $88.14 bil­lion in overnight re­verse re­pos to 34 bid­ders, in­clud­ing Wall Street deal­ers, money mar­ket mu­tual funds at an in­ter­est rate of 0.05.

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