Federal Reserve's Reverse Repo Facility Sees 94 Counterparties Take $993.314 Billion, Falling Below $1 Trillion for First Time Since August 2021

The Federal Reserve's reverse repo facility saw money parked fall below $1 trillion for the first time in over two years. Central bank data revealed that 94 counterparties took $993.314 billion at the Fed Reverse Repo, marking a significant drop from the previous levels. This decline is noted to be the first time since August 2021 that the reverse repos have fallen under the $1 trillion mark, reflecting a substantial shift in the financial landscape.