NY Fed's Reverse Repos See Lowest Usage In Nearly Three Years

NEW YORK, March 1 (Reuters) - The Federal Reserve Bank of New York reported on Friday that a key interest rate control facility saw the weakest level of usage in nearly three years.

If you have any queries relating to in which and how to use party bus vs charter bus NYC, you can call us at our web-page. The bank said that its overnight reverse repo facility, which it uses to help put a floor underneath short-term interest rates, party bus vs charter bus NYC took in $441.3 billion from eligible financial firms, ZOLOBUS from Thursday's $502.1 billion.

That was the lowest level of usage since June 3, ZOLOBUS 2021, when the facility took in $479.1 billion. Peak usage was hit on Dec. 30, 2022, when money market funds and others parked $2.534 trillion at the Fed. (Reporting by Michael S. Derby Editing by Chris Reese)