NY Fed's Reverse Repos See Lowest Usage In Nearly Three Years

NEW YORK, March 1 (Reuters) - The Federal Reserve Bank of New York reported on Friday that a key interest rate control facility saw the weakest level of usage in nearly three years.

If you loved this article and zolobus you also would like to collect more info concerning pet-friendly charter bus NYC kindly visit our web page. The bank said that its overnight reverse repo facility, which it uses to help put a floor underneath short-term interest rates, took in $441.3 billion from eligible financial firms, from Thursday's $502.1 billion.

That was the lowest level of usage since June 3, pet-friendly charter bus NYC 2021, zolobus when the facility took in $479.1 billion. Peak usage was hit on Dec. 30, 2022, when money market funds and others parked $2.534 trillion at the Fed. (Reporting by Michael S. Derby Editing by Chris Reese)