https://www.reuters.com/article/usa-fed-reverse-repo/u-s-fed-accepts-755-8-bln-in-daily-reverse-repo-operation-ny-fed-idUSAQN04ASM9

Discover Thomson Reuters

Directory of sitesLoginContactSupport
for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-up
for-desktop-upfor-wide-desktop-up
Bonds News
Updated

U.S. Fed accepts $755.8 bln in daily reverse repo operation -NY Fed

By Reuters Staff

1 Min Read

NEW YORK, June 17 (Reuters) - The Federal Reserve accepted $755.8
billion in its daily reverse repurchase operation on Thursday at a
rate of 0.05%, the New York Fed said.

The U.S. central bank on Wednesday made a technical adjustment to
interest rates it manages, at the end of its two-day policy meeting,
aimed at keeping its key overnight benchmark interest rate from
falling too low.

The Fed raised the interest rate it pays banks on reserves held at
the U.S. central bank to 0.15% and also lifted the rate it pays on
overnight reverse repurchase agreements to 0.05%, a tool used to set
a floor on short-term interest rates.

Reporting by Gertrude Chavez-Dreyfuss Editing by Chris Reese

Our Standards: The Thomson Reuters Trust Principles.

  * Apps
  * Newsletters
  * Advertise with Us
  * Advertising Guidelines
  * Cookies
  * Terms of Use
  * Privacy
  * Do Not Sell My Personal Information

All quotes delayed a minimum of 15 minutes. See here for a complete
list of exchanges and delays.

(c) 0 Reuters. All Rights Reserved.
for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-up
for-desktop-upfor-wide-desktop-up