Fed says it will offer an additional $500 billion in overnight repo funding markets

[tacobell fan]

A day after a dramatic move in interest rates, the Federal Reserve on Monday increased the amount of liquidity it's offering in short-term lending to the financial industry.

In a mid-day announcement, the New York Fed said it will conduct a $500 billion repo operation this afternoon, another move targeted at keeping money flowing through the system. Repo involves banks putting up high-quality collateral like Treasurys in exchange for the liquidity they need to conduct operations.

Monday's move comes after the Fed stepped up the operations last week, offering up to $1.5 trillion to an industry hungry for the Fed's offerings.

The operation will have a same-day settlement, running from 1:30 to 1.:45 p.m. The minimum bid rate is 0.1%.

The move comes a day after the Fed cut its benchmark interest rate by 1 percentage point to a range of 0%-0.25%, where it was during the financial crisis. In addition, the central bank offered a number of other measures aimed at providing necessary funding to banks and the free-flow of currency swaps between the Fed and other global central banks.

The Fed also announced a round of asset purchases totaling $700 billion along the lines of its quantitative easing measures taken during the crisis. In Monday morning operations, the New York Fed trading desk bought $27 billion of Treasurys. 

[xano917]

What is going on ?

[kevinUsa]

500bn ??

Those are peanuts we want at least 5tn$$

[r2d2]

అమ్ముల పొదిలోని అస్త్రాలన్నీ అయిపొతున్నాయి... ఇక డాలర్ని డెవాల్యు చెయ్యడమొకటే మిగిలింది...

[Sucker]

2 minutes ago, r2d2 said:

అమ్ముల పొదిలోని అస్త్రాలన్నీ అయిపొతున్నాయి... ఇక డాలర్ని డెవాల్యు చెయ్యడమొకటే మిగిలింది...

Thank you President Thathayya. 

[Anta Assamey]

Enni posina waste ee time  lo ... 

[kevinUsa]

3 minutes ago, r2d2 said:

అమ్ముల పొదిలోని అస్త్రాలన్నీ అయిపొతున్నాయి... ఇక డాలర్ని డెవాల్యు చెయ్యడమొకటే మిగిలింది...

They will release 1tn more

[karna11]

Billions billions money ithe release avuthundii, avi evariki velthyoo matram ardam kavalaa

Any body have idea?

[tacobell fan]

10 minutes ago, kevinUsa said:

They will release 1tn more

You mean print?

[mettastar]

13 minutes ago, r2d2 said:

అమ్ముల పొదిలోని అస్త్రాలన్నీ అయిపొతున్నాయి... ఇక డాలర్ని డెవాల్యు చెయ్యడమొకటే మిగిలింది...

India ki konni dollars pampi return theppisthe good antava 

[kevinUsa]

Just now, tacobell fan said:

You mean print?

Anything

Press button in a week or 2 we can do that