December 13, 2016 / 6:22 PM / 9 months ago

U.S. Fed awards most reverse repos since October

NEW YORK, Dec 13 (Reuters) - The Federal Reserve on Tuesday awarded $238.46 billion of one-day, fixed-rate reverse repurchase agreements to 58 bidders at an interest rate of 0.25 percent, the New York Fed said on its website.

This was the most the U.S. central bank awarded since $297.96 billion to 55 bidders on Oct. 5. (Reporting by Richard Leong; Editing by Chizu Nomiyama)

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