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Posts Tagged ‘March

Jan. 6 (Bloomberg) — The Federal Reserve didn’t purchase mortgage-backed securities to add reserves to the banking system for the first time since it began a weekly lending program in March during the heart of the credit crisis.

The Fed had arranged the temporary 28-day repurchase agreements, or repos, every week since the so-called Single- Tranche OMO Program was announced on March 7. Central bankers had sought to help bond dealers Read the rest of this entry »