GO
Loading...

Enter multiple symbols separated by commas

Fed Injects $6 Billion in Reserves into Banking System

The U.S. Federal Reserve said on Friday it added $6 billion of temporary reserves to the banking system through 3-day repurchase agreements.

The Fed said the collateral accepted on the 3-day repurchase was made up of $300 million of agencies and $5.7 billion of mortgage-backed securities. A total of $71.45 billion in bids were submitted for the 3-day repurchase.

Federal funds, the benchmark overnight lending rate to banks, last traded at 5.25 percent, at the Fed's targeted rate.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Hero miles for military members: Real estate magnate's plea

    Chairman of the Fisher House Foundation, Ken Fisher, discusses the Hero Miles program with CNBC's Dina Gusovsky. During Military Appreciation Month, Fisher is asking every traveler to donate 1,000 of their miles to replenish the Hero Miles programs that is in danger of running out.

  • Cramer shuts down this market's haters

    "Mad Money" host Jim Cramer on why this market can't stop, won't stop.

  • From the battlefield to the boardroom

    Your Grateful Nation is dedicated to helping Special Forces veterans enter the corporate world and Knot Standard provides complimentary suits to vets. Mad Money's Jim Cramer spoke with Rob Clapper, Your Grateful executive director; John Ballay, Knot Standard co-founder and president; Tej Gill, retired U.S. Navy Seal; and Darren McB, active duty U.S. Navy Seal.