The New York Federal Reserve Bank announced Monday it will increase its daily injections of cash into financial markets by $50 billion to $150 billion as a protective step amid the coronavirus epidemic. The increase "should help support smooth functioning of funding markets as market participants implement business resiliency plans in response to the coronavirus," the New York Fed said in a statement. The move increases daily repurchase agreements or repos, and in addition, the bank will more than double the two-week repos to $45 billion. hs/jm