New York Fed Accepts $353.6B in Repo; ECB Allots $131.3M in Dollar Lending, 21M Euros Borrowed

On August 26, the New York Federal Reserve accepted $353.6 billion submitted to its overnight reverse repo facility. Following this, the European Central Bank (ECB) reported that it had allotted $131.3 million in a dollar lending operation. Additionally, the ECB noted that 11 million euros were borrowed using its overnight loan facility, with a total of 3,079.87 billion euros deposited. On August 28, the ECB further reported that another 10 million euros were borrowed, bringing total deposits to 3,080.51 billion euros. In a separate operation, banks took $5 million in a Bank of England (BoE) 7-day dollar funding operation.