NEW YORK (Reuters) - The Federal Reserve Bank of New York on Tuesday said it will continue to offer operations in the market for repurchase agreements, or repo, into at least mid-February.
The central bank will slightly reduce the maximum on term operations, which last two weeks, to $30 billion from a previous cap of $35 billion.
The Fed also said it will continue purchasing $60 billion a month in short-term Treasury bills, keeping the same pace set in mid-October when it began growing the balance sheet to permanently increase the level of reserves in the banking system.
Read more details here: nyfed.org/2u10X3G
Reporting by Jonnelle Marte; Editing by Sandra Maler
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