US banks borrow $1.5 bln from Fed’s repo facility in sign of mild funding pressure ReutersView Full Coverage on Google News Source link
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US banks borrow $1.5 billion from Fed’s repo facility in sign of mild funding pressure
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – U.S. banks borrowed $1.5 billion from the Federal Reserve’s Standing Repo Facility on Monday, the deadline for quarterly corporate tax payments and Treasury debt settlements, Fed data showed, suggesting some tightness in meeting funding obligations. The SRF serves as a backstop for any potential funding shortage. Launched in July 2021 in the aftermath …
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