Fed Injects Tens of Billions into Repo Mkt; Strong Bank Demand

The Federal Reserve continues to be busily injecting tens of billions of dollars of liquidity in the U.S financial system to calm markets, as it did the previous week, but banks were asking for more cash than the Fed was offering.

The Fed conducted a number of repo and two-week loan operations in response to a large request for cash by banks. The Fed said it would continue to do so daily through Oct. 10.

Tuesday the New York Fed offered $30 billion and received $62 billion in demand from ...

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