US banks borrow $1.5 billion from Fed amid tax and treasury deadlines
Published on: Sept. 16, 2025, 11:29 a.m. | Source: The Economic Times
On Monday, U.S. banks borrowed $1.5 billion from the Federal Reserve's Standing Repo Facility (SRF). This borrowing coincided with quarterly corporate tax payments and Treasury debt settlements. The SRF acts as a backstop for potential funding shortages, providing overnight cash in exchange for Treasuries and other eligible collateral. (Source: Reuters) U.S. Banks Tap Federal Reserve for Funding
