Fed Injects $99.9 Billion Into Markets Tuesday — Update

The Federal Reserve Bank of New York injected $99.9 billion in temporary liquidity and $7.5 billion in permanent reserves into financial markets Tuesday.

The short-term intervention came via $64.90 billion in overnight repurchase agreements with eligible banks, and with a $35 billion repo operation that will run through Nov. 5.

The banks didn’t take all the liquidity offered by the Fed in the overnight repo operation, but they offered more than the Fed would take for the term operation, with $52.2 billion submitted to the Fed.

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