NY Fed’s reserve repo facility marks new record


The Federal Reserve of New York’s overnight reverse repo facility has set a new record deposit level.

The facility took in $991.9 billion in short-term deposits from 90 counterparties on June 30. That figure was nearly 18% larger than the previous record, set only the day before, when the reverse repo window took in $841.2 billion.

The overnight reverse repo facility accepts short-term deposits from banks. It also deals with other financial institutions like government-secured entities like

You are currently unable to copy this content. Please contact [email protected] to find out more.



Source link

Free Course

"Double Your Traffic in 30 days" + Secret Bonus

valued at $299

This amazing course will teach you, step by step, how to double if not triple your traffic over the next 30 days.

100% Privacy. We will never spam you!