Fed Drains $1.18 Billion From Banks With Reverse Repos - Bloomberg

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Fed Drains $1.18 Billion From Banks With Reverse Repos Bloomberg (Corrects amount in the headline.) The Federal Reserve drained $1.18 billion in reserves from the banking system when it arranged three-day tri-party reverse repurchase agreements. The “small-value” transactions, part of a series of open- market ... and more »