
The usage amount of the Federal Reserve's standing repo facility has reached the third highest level in history
According to data from the New York Federal Reserve, the Federal Reserve's Standing Repo Facility (SRF) lent a total of $25.95 billion to eligible financial institutions yesterday (29th), marking the third highest amount since the tool was established in 2021, with funds lent at an interest rate of 3.75%, which is the upper limit of the target range for the U.S. federal funds rate of 3.5% to 3.75%.
This tool is designed to provide quick loans secured by Treasury securities or mortgage-backed securities. The Standing Repo Facility reached a usage limit of $26 billion on the 1st of this month, following a record of $50.35 billion set on October 31st.
The New York Federal Reserve also stated that financial institutions deposited $10.55 billion with the Federal Reserve through its reverse repo mechanism yesterday, down from $20.34 billion on the previous Friday (26th)

