All 53 bids worth $212.48 billion submitted were
This compared with 81 of the 102 bids submitted worth $407.17
billion on Tuesday. The U.S. central bank allotted $300 billion
in reverse repos, which is the maximum amount permitted.
Wednesday's award was the biggest for the first business day of
a quarter, according to New York Fed data.
The Fed on Tuesday paid no interest on the reverse repos, in
which the bidders own overnight the Treasuries that belong to
On Wednesday, the Fed paid the qualified participants including
mortgage agencies an interest rate of 0.05 percent.
(Reporting by Richard Leong; Editing by Chizu Nomiyama)
[© 2014 Thomson Reuters. All rights
Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.