No overnight repurchase agreements
(repo) were held with CBJ on 01/11/2016, said the bank.
Another tool would have a similar impact but apply more broadly, using overnight repurchase agreements
that would let money market funds and other institutions as well as banks essentially make short-term deposits at the Fed.
Shaw Group, said that the Fed should use the interest rate at which it will offer overnight repurchase agreements
as its "policy instrument" and that that rate should be the same as that paid banks on reserves.
The CBJ kept the interest rates unchanged on other monetary tools, the rediscount rate and overnight repurchase agreements
The New York Federal Reserve Bank added $50 billion in liquidity to money markets through overnight repurchase agreements
, known as repos.
These additional considerations have resulted in an increase in the number and volume of overnight repurchase agreements
arranged in 1996 and thus far in 1997 (table 4).(23) An overnight operation is a more effective means of fine tuning the daily level of balances than is a term or outright operation and better addresses heightened payment-related demands.
While the relation between money definition M1 (currency + traveler's checks + demand deposits + other checkable accounts) and the rate of growth of nominal output has deteriorated in recent years, the authors think that M2 (M1 + overnight repurchase agreements
+ overnight Eurodollar accounts + money market funds + money market deposit accounts + savings deposits + small time deposits), still tracks the economy fairly well.
The CBJ said that the outstanding balance of one week CD's amounted to JD1000 million and will be matured on 12/04/2016 "No overnight repurchase agreements
(repo) were held with the CBJ on 07/04/2016, "the Bank added.
The CBJ said that the overnight repurchase agreements
which were held with the bank on 22 November reached JOD 4.5 million.
M2's weakness in February partly reflected an unwinding of temporary increases in January of its volatile components, including demand deposits, overnight repurchase agreements
, and overnight Eurodollars; the weakness also appeared to be associated with depositor efforts to obtain higher returns by shifting funds into market instruments.