by confoundedinterest17
(Bloomberg) — Utilization on the Federal Reserve’s facility for in a single day reverse repurchase agreements Wednesday rose to a brand new all-time excessive.
Seventy-seven members took $1.147 trillion, which exceeded Tuesday’s quantity of $1.13 trillion, and the earlier report of $1.136 trillion reached on Aug. 23.
The power pays an in a single day price of 0.05%, serving to to quickly cut back the amount of reserve balances within the banking system.
Nothing has been the identical since late 2008 and shock troops from The Federal Reserve and their seemingly unending financial stimulus.
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