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The Federal Reserve's overnight reverse repo usage drops to its lowest level since 2021
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Jinse Finance reported that the balance of the Federal Reserve's overnight reverse repurchase agreements fell to its lowest level since 2021 on Wednesday. About 17 counterparties deposited $1.79 billion with the Federal Reserve through overnight reverse repos, down from $2.11 billion in the previous trading day, marking the lowest level in more than four years.
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