The Federal Reserve Bank of New York said it will include domestic money market funds as counterparties when it begins to drain the record amount of cash added to the financial system.

The additional companies to be used in reverse repurchase agreements are "intended to enhance the capacity of such operations to drain reserves beyond what could likely be conducted through" the use of the central bank's 18 primary dealers, the New York Fed said Monday. This is "prudent planning" and does not signal any change in monetary policy, the Fed said.

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