The Federal Reserve Bank of New York added $86.4 billion in liquidity to financial markets. In two operations carried out Monday, the Fed injected $36.4 billion in overnight liquidity and $50 billion in 32-day liquidity extending into the coming New Year. Eligible banks took far less than the $120 billion the Fed was willing to offer in the overnight repurchase agreements, or repo, operation, while they wanted just slightly more long-term liquidity than the Fed was offering in the longer-term repo operation.

Source: Wall Street Journal December 16, 2019 15:11 UTC