Hey Terry Springer | FerrariChat

Hey Terry Springer

Discussion in 'Other Off Topic Forum' started by JimSchad, Nov 6, 2003.

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  1. JimSchad

    JimSchad Guest

    You and I talked about the Fed buying on the market awhile back. Does this post mean anything?

    NEW YORK, Oct 24 (Reuters) - The Federal Reserve said on Friday it is adding permanent reserves to the banking system through a purchase of Treasuries dated April 30. 2005, through May 15, 2006.
    Delivery was set for Monday. The coupon pass has six exclusions.

    Federal funds were trading at 1 percent, matching the central bank's 1 percent target for the rate.

    Details of the coupon pass are available on the New York Fed's Web site:


    Here is the link to all the posts. Seems the Fed is pumping billions almost daily into the banking system to prop it up. Am I interpreting this info correctly?


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