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heehee1

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heehee1

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Re: federal reserves post# 18194

Thursday, 08/22/2002 2:32:24 AM

Thursday, August 22, 2002 2:32:24 AM

Post# of 704019
Federal..

Tomorrow, $2 billion in 28 day repos, $4 billion in 8 day repos and $3.25 billion in 3 day repos expire. The FED needs to add $9.25 billion to keep the music going.

Let me know if I understand this correctly. The above repos are due tomorrow, which will take liquidity out of the market. And to keep the rally afloat, the Fed must inject the same amount in "tomorrow". And if the PPT doesn't come to the rescue with the 9.25 bil? Tankeroo?

At what time are the repos expired tomorrow?

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