The New York Fed added $56.45 billion in short-term liquidity to the financial sector Friday to get markets through the weekend. The central bank added the money via a three-day repurchase agreement, or repo, operation. Fed repo interventions take in Treasury and mortgage securities from eligible banks in what is effectively a short-term loan of central-bank cash, collateralized by the securities.

Source: Wall Street Journal December 13, 2019 14:37 UTC