In One Chart: Fed sees record $756 billion demand for reverse repo program and may hit $1 trillion

Demand by banks and others using the Federal Reserve’s overnight reverse repo program surged to a new $755.80 billion record high on Thursday, a day after the central bank bumped up how much it pays on parked cash.

Demand by banks and others using the Federal Reserve’s overnight reverse repo program surged to a new $755.80 billion record high on Thursday, a day after the central bank bumped up how much it pays on parked cash.