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Monday, 09/30/2013 12:49:37 PM

Monday, September 30, 2013 12:49:37 PM

Post# of 40623
Fed Withdraws Whopping $58 Billion In Liquidity In Latest Reverse Repo Test
Submitted by Tyler Durden on 09/30/2013 11:56 -0400

(Something wicked this way comes? How come the stench of soggy old fish comes to mind. Keep an eye on this event.)


It appears there is just a little excess liquidity sloshing around out there. Moments ago the Fed announced that as part of its most recent overnight reverse repo "liquidity withdrawal preparedness test", some 87 entities provided the Fed with a whopping $58.2 billion in overnight liquidity in exchange for Treasury collateral at a 0.01% stop out rate. This was the largest amount in liquidity soaked up (or, alternatively, collateral provided) by the Fed in its recent history of Temporary Open Market operations going back to 2012.

http://www.zerohedge.com/news/2013-09-30/fed-withdraws-whopping-58-billion-liquidity-latest-reverse-repo-test

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