Fed - One large 1-day net reserve-projection miss
NEW YORK, July 3 (Reuters) - The Federal Reserve said on Thursday it had one large one-day net miss in its reserve projections in the week ended July 2.
The miss occured on Tuesday, July 1, when float was higher than expected, which resulted in an increase in reserves.
Transportation float averaged about $15 million per day, with highest on Thursday, June 26 at about $30 million, due to transportation delays.
© Thomson Reuters 2008 All rights reserved
iPhone fix
Spanair plane crashes on runway
