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

Sharing is Caring!

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.

See also  Daily Reverse Repo Update 09/21: $1,240.494B - New record

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.




Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.