overnight loans submitted and accepted 56.4Bln, dealers with the ability to park reserves with the FED obviously still not interested in pulling them out and lending to the plethora of counterparties like hedge funds , REITS and non banks all looking for cash overnight offering dealers the same security
but apart from the overnight actions in the overnight market, yet another TAF style overnight loan this time for 18 days,
that offering - well that was swamped with requested
43Bln requested, but NYF pulled back from its last amount offered last week of 28 BLN for 10 days and only handed out 25BLN for an extended duration but this time for 18 days at a nice below free market interest rate this time.
