September 26, 2019 / 12:59 PM / 18 days ago

N.Y. Fed awards $50.1 bln overnight repos

NEW YORK, Sept 26 (Reuters) - The New York Federal Reserve on Thursday awarded $50.1 billion in one-day loans to primary dealers at its overnight repurchase agreement (repo) operation following a term operation where it allotted $60 billion in 14-day loans earlier Thursday.

The amount of bids from primary dealers at Thursday’s overnight repo operation was lower the $91.95 billion submitted on Wednesday.

Reporting by Richard Leong; Editing by Alison Williams

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