March 31, 2017 / 5:24 PM / 6 months ago

U.S. Fed awards most reverse repos since December

NEW YORK, March 31 (Reuters) - The Federal Reserve on Friday awarded $346.85 billion in three-day repurchase agreements at an interest rate of 0.75 percent to 82 bidders, which was the highest amount since $468.36 billion on Dec. 30, the New York Federal Reserve said.

On Thursday, the U.S. central bank had allotted $224.13 billion in one-day reverse repos to 55 money market funds, mortgage finance agencies and other qualified participants at an interest rate of 0.75 percent. (Reporting by Richard Leong, editing by G Crosse)

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