The New York Fed added $102.14 billion in temporary liquidity Tuesday, and it also added permanent liquidity with more Treasury bill purchases. Both operations saw eligible banks offer fewer Treasury and mortgage securities than the Fed was willing to take. The Fed also bought $7.5 billion in Treasury bills. Eligible banks offered the Fed $24.19 billion in short-term government securities. The Fed’s injections are aimed at ensuring that the financial system has enough liquidity and that short-term borrowing rates remain well-behaved.

Source: Wall Street Journal November 05, 2019 15:11 UTC