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New York Fed to revise terms of reverse repurchase agreements

( October 29, 2014, 18:35 GMT | Official Statement) -- MLex Summary: The US Federal Reserve Bank of New York plans to adjust the offering rate of overnight reverse repurchase agreements. The open market trading desk at the New York Fed has been working with market participants on operational aspects of tri-party reverse repurchase agreements to ensure that they will be ready to support monetary policy objectives. The desk will release further information about the terms in early December.Statement follows in full....

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