Fed Reverse-Repo Facility Usage Jumps to Record $1.087 Trillion
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The amount of cash investors are parking at a major Federal Reserve facility surged above $1 trillion once again amid an overabundance of U.S. dollars.
Seventy-four participants on Thursday placed an unprecedented total of $1.087 trillion at the Federal Reserve’s overnight reverse-repurchase facility, in which counterparties like money-market funds can place cash with the central bank. That surpassed the previous all-time high volume of $1.04 trillion from July 30, New York Fed data show.