matched sales

This matched sales of Windows 7 over a similar period.

Instead, the Fed did drain some of reserves from the banking system through overnight matched sales.

The Fed's only response yesterday was to drain reserves from the banking system through weekend matched sales.

The central bank's move consisted of draining reserves from the banking system through three-day matched sales.

It did so with five-day matched sales of Treasury paper from the Fed's portfolio.

The Fed showed no inclination to ease as it drained reserves from the banking system through weekend matched sales.

Most of the funds that moved into the banks are expected to be withdrawn by the time the matched sales agreements are terminated.

The Federal Reserve was active and, as expected, drained reserves from the banking system through three-day matched sales.

At the time of the matched sales, termed reverse repurchase agreements, the Federal funds rate was at 9.5 percent.

The central bank intervened at its usual time before noon to drain reserves from the banking system through three-day matched sales.

The funds were trading at 9 percent when the Fed conducted its four-day matched sales of Treasury paper.

The overnight matched sales by the Fed had little impact on the Federal funds rate, its chief tool in manipulating the credit market.

The Treasury's draining of reserves from the banking system through four-day matched sales did not help the short end of the market.

The main activity in the credit markets was a move by the Federal Reserve to drain reserves from the banking system through four-day matched sales.

Matched sales involve the sales of Treasury securities to dealers and other financial institutions, with an agreement to repurchase them.

The Fed drained reserves from the banking system through four-day matched sales of Treasury paper to dealers and other financial institutions.

Dealers said the magnitude of the Fed's overnight matched sales was far greater than the three-day reverse repurchase agreements that it effected the day before.

Some dealers thought the move was technical because the four-day matched sales arranged by the Fed last Thursday would be unwinding by today.

Meanwhile, the Federal Reserve moved to drain reserves from the banking system through four-day matched sales of short-term Treasury securities.

"By comparison, Monday's three-day matched sales can be ascribed to an effort to soak up reserves, such as those created by interventions to slow the dollar's rise.

Garthwaite and Moore matched sales of Winfrey's "O" magazine and the spike in sales of her book club picks to Obama's votes in the Democratic primary.

Traders said that when the Federal Reserve Bank executed four-day matched sales yesterday, and thereby drained reserves from the banking system, the Federal funds rate remained at 8.75 percent instead of rising.

Matched sales, or reverse repurchase agreements, involve the selling of Treasury securities by the Fed to dealers and other financial buyers with understanding that the central bank will repurchase the paper on a certain date.

Fed Drains Reserves Indeed, the Federal Reserve resumed its draining of reserves, much of which resulted from currency market interventions, by effecting four-day matched sales of Treasury securities to dealers.

When the Fed wants to drain reserves from the banking system, it effects reverse repos, also referred to as matched sales, under the same terms, which in both cases make it financially worthwhile for the dealers and other participants.