“Fed reverse repos fall under $1 trillion for first time since August 2021”
November 10, 2023
“The Federal Reserve’s efforts to drain liquidity from the financial system have finally pushed inflows into a critical central bank tool below the $1 trillion mark for the first time since late summer 2021.
Cash from money market funds and other eligible firms flowing into the Fed’s reverse repo facility stood at $993.3 billion on Thursday, which was the first time flows fell under the $1 trillion mark since Aug. 10, 2021. The move under that threshold came as money has been steadily flushed out of the facility over recent months after hitting a record $2.554 trillion peak on Dec. 30, 2022…”
https://finance.yahoo.com/news/fed-reverse-repos-fall-under-184542747.html