With plenty of money in the dollar, the use of one of the Fed's main policy tools hit an all-time high on Wednesday.
82 participantsThe use of the Fed's overnight reverse repurchase tool reached an unprecedented level of $1.116 trillion.. Through overnight reverse repurchase, counterparties such as money market funds can deposit their cash with the Federal Reserve. That exceeds the all-time high of $1.087 trillion set on Aug. 12, according to Fed data.
The amount of money used on Tuesday was $1.053 trillion, with 70 participating institutions.