Fed Reverse Repo Usage Climbs to Fresh Record $1.147 Trillion (All-time High!!)

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by confoundedinterest17

(Bloomberg) — Usage at the Federal Reserve’s facility for overnight reverse repurchase agreements Wednesday rose to a new all-time high.

Seventy-seven participants took $1.147 trillion, which exceeded Tuesday’s volume of $1.13 trillion, and the previous record of $1.136 trillion reached on Aug. 23.

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The facility pays an overnight rate of 0.05%, helping to temporarily reduce the quantity of reserve balances in the banking system.

See also  Daily Reverse Repo Update 09/23: $1,352.483B - New record

Nothing has been the same since late 2008 and shock troops from The Federal Reserve and their seemingly never-ending monetary stimulus.

 

 

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