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Fed's reverse repo facility shrinks rapidly, lowest in nearly three years

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LA Post: Fed's reverse repo facility shrinks rapidly, lowest in nearly three years
April 15, 2024
Reuters

NEW YORK (Reuters) - A key Federal Reserve facility that takes in cash from money market funds and others saw inflows drop sharply on Monday.

The Federal Reserve's reverse repo facility took in $327.1 billion, down by $80.2 billion from Friday, for the lowest level of inflows seen since the facility took in $293 billion on May 19, 2021.

(Reporting by Michael S. Derby; Editing by Chris Reese)

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