US GOVTS: Fed Coupon Pass Adds $1.396 Bln in Banking Reserves

Today's coupon pass, the second in as many days, added $1.396 bln in permanent reserves to the banking system. The operation targeted 16 maturities ranging from November 15, 2009 to November 15, 2010. The Fed accepted tenders on six of the maturities, the most in the 4-1/8s of August 2010 ($490 mln) and the 3-7/8s of September 15, 2010 ($380 mln).