Banks tap Fed Standing Repo Facility in record numbers amid month-end pressures
The Federal Reserve's Standing Repo Facility loaned a record $50.35 billion on Friday to address month-end liquidity pressures in short-term funding markets. Two operations saw the facility lend $30 billion and $20.35 billion, respectively, to eli...
By Reuters |
Reuters
The Federal Reserve loaned a record level of cash from its Standing Repo Facility Friday as short-term funding markets navigated month end pressures.
In the second of two operations, the Standing Repo Facility lent $30 billion to eligible financial firms, after lending $20.35 billion in an SRF operation earlier in the day. Month end often brings volatile and transitory needs for liquidity from market participants.
In the second of two operations, the Standing Repo Facility lent $30 billion to eligible financial firms, after lending $20.35 billion in an SRF operation earlier in the day. Month end often brings volatile and transitory needs for liquidity from market participants.
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