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mmayr

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mmayr

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Tuesday, 09/24/2019 10:20:43 AM

Tuesday, September 24, 2019 10:20:43 AM

Post# of 40611
Fed adds $105 billion in cash to U.S. banking system

What a joke. NOT!

NEW YORK (Reuters) - The Federal Reserve on Tuesday injected $105 billion in temporary cash into the U.S. banking system in an effort to meet the funding needs of banks and Wall Street following a bout of turbulence in money markets last week.

The New York Federal Reserve awarded $30.0 billion to primary dealers at a 14-day term repurchase agreement (repo) operation and $75 billion in an overnight repo operation.

Full Article Here: https://www.reuters.com/article/us-usa-fed-repo/fed-adds-105-billion-in-cash-to-u-s-banking-system-idUSKBN1W91KS

Economics by Following the Money ~ Globally & Nationally on Twitter @Conan644

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