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Fed's SRF sees no draw early Tuesday despite expectations for quarter-end surge
Yahoo Finance·2025-09-30 13:00

(Reuters) -A largely untested Federal Reserve liquidity facility drew no demand at its first daily auction on Tuesday despite expectations on Wall Street for a scramble by banks to secure funding to cover the often-turbulent quarter-end period. New York Fed data showed no funds were drawn from its Standing Repo Facility, or SRF, which the Fed created in 2021 and allows eligible firms to quickly convert bonds into cash. A second daily operation is set to close at 1:45 p.m. ET, which could still see a deman ...