The Federal Reserve’s Permanent Repurchase Facility (SRF) loaned a total of $50.35 billion (approximately €43.406 billion) to banks, marking the highest amount since the system was established in 2021 to provide quick, asset-backed credits with secure assets such as Treasury securities or mortgages.
The injections were approved in two separate financing rounds, with the first amounting to $30 billion and the second to $20.35 billion, according to data released Friday by the New York Federal Reserve.
The record volume of quick loans occurred on the last day of the month, a time when bank payments, settlements, or obligations tend to surge. This followed the Fed’s announcement on Wednesday that it will end its quantitative tightening program aimed at cooling the economy on December 1.
