Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Fed Expands De Facto Standing Repo Facility

Courtesy of Lee Adler

Notice the words, “at least.”

Nothing to see here. It’s not a standing repo facility. It’s just at least $120 billion a day. Move along. 

Statement Regarding Repurchase Operations
October 23, 2019

The Desk has released an update to the schedule of repurchase agreement (repo) operations for the current monthly period.  Consistent with the most recent FOMC directive, to ensure that the supply of reserves remains ample even during periods of sharp increases in non-reserve liabilities, and to mitigate the risk of money market pressures that could adversely affect policy implementation, the amount offered in overnight repo operations will increase to at least $120 billion starting Thursday, October 24, 2019.  The amount offered for the term repo operations scheduled for Thursday, October 24 and Tuesday, October 29, 2019, which span October month end, will increase to at least $45 billion.

Detailed information on the schedule and parameters of term and overnight repurchase agreement operations are provided on the Repurchase Agreement Operational Details site.

This news came out just as I was posting this: Federal Reserve Repo Man – No Rant Today, Just the Facts and Meyer Lansky

Fed De Facto Standing Repo Facility

Knowledge is Your Power With Liquidity Trader

Meanwhile, the question to us as investors is how do we protect our own capital in a Humpty Dumpty world. To answer that, I analyze macro liquidity, show you the forces that dictate the trends, and provide common sense recommendations on how to manage your money accordingly at Liquidity Trader. So if Humpty Dumpty does have a great fall, your portfolio won’t.

Get 90 Days of Liquidity Trader Risk Free

Read Lee Adler’s Liquidity Trader risk free for 90 days if you join now! Satisfaction guaranteed or your money back. 90 day risk free trial offer is for first time subscribers only.

The post Fed Expands De Facto Standing Repo Facility was originally published at The Wall Street Examiner – Unspinning Wall Street ™. Follow the money!


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!