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Federal Reserve to Arrange $8 Billion of Term Repos (Update2)
Bloomberg –
By Ye Xie Nov. 26 (Bloomberg) — The New York Federal Reserve will arrange $8 billion of long-term repurchase agreements, or repos, in a bid to hold down banks' borrowing costs through year-end.
New York Fed Adds Extra Liquidity
Fed vows to offset Y2K-style year end squeeze
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