🏦 THE FED ACCEPTS $1,429 MILLION IN ITS REVERSE REPO OPERATION 💵
The U.S. Federal Reserve (Fed) absorbed a total of $1,429 million from six financial counterparties through its fixed-rate reverse repurchase facility (Reverse Repo) 📉.
According to ChainCatcher, the transaction involved only six financial institutions 🏛️.
The low participation and contained volume in these reverse repo operations reflect the current liquidity within the U.S. banking system and the adjustment to the central bank’s asset balance 📊.
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