October 5, 2016 / 5:26 PM / 10 months ago

U.S. Fed reverse repo award falls below $300 bln

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NEW YORK, Oct 5 (Reuters) - The Federal Reserve on Wednesday awarded $297.96 billion of one-day, fixed-rate reverse repurchase agreements to 55 bidders at an interest rate of 0.25 percent, the New York Fed said on its website.

On Tuesday, the U.S. central bank allotted $306.04 billion in one-day reverse repos to 57 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 Chris Reese)

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