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10 months ago
U.S. Fed awards $237.62 billion in reverse repos
October 6, 2016 / 5:20 PM / 10 months ago

U.S. Fed awards $237.62 billion in reverse repos

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NEW YORK, Oct 6 (Reuters) - The Federal Reserve on Thursday awarded $237.62 billion of one-day, fixed-rate reverse repurchase agreements to 53 bidders at an interest rate of 0.25 percent, the New York Fed said on its website.

On Wednesday, the U.S. central bank allotted $297.96 billion in one-day reverse repos to 55 bidders, including Wall Street dealers, money market mutual funds and mortgage finance agencies, also at an interest rate of 0.25 percent. (Reporting by Richard Leong; editing by Diane Craft)

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