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MNI BRIEF: Fed Doubles Reverse Repo Program Capacity

(MNI) WASHINGTON
WASHINGTON (MNI)

The Federal Reserve on Wednesday doubled the counterparty limit at its overnight reverse repo facility to USD160 billion per day as the program continues to grow.

Other parameters remain the same, including pricing remaining at 0.05%. The New York Fed said in a statement the increase "helps ensure that the ON RRP facility continues to support effective policy implementation." The Fed's ON RRP facility on Wednesday saw just under USD1.3 trillion in usage from 77 counterparties.

MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com

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