By Michael S. Derby 

The Federal Reserve Bank of New York added $102.44 billion in temporary liquidity to the financial system Tuesday.

The intervention came in two parts. One was via overnight repurchase agreements, or repos, that totaled $78.3 billion, and via a 14-day repo that totaled $24.14 billion. In both operations, eligible banks took less liquidity than the Fed offered.

Fed repo interventions take in Treasury and mortgage securities from eligible banks in what is effectively a short-term loan of central-bank cash, collateralized by the securities.

The Fed's interventions are aimed at ensuring that the financial system has enough liquidity and that short-term borrowing rates remain well-behaved, with the central bank's federal-fund rate staying within the 1.5%-to-1.75% target range. The effective fed-funds rate stood at 1.55% on Monday. The broad general collateral rate for repo trading stood at 1.52%, also for Monday.

Write to Michael S. Derby at michael.derby@wsj.com

(END) Dow Jones Newswires

November 19, 2019 10:04 ET (15:04 GMT)