NEW YORK, July 30 (Reuters) - Volume at the U.S. Federal
Reserve's reverse repurchase facility soared to a record $1.039
trillion on Friday as investors and financial institutions
continued to pour cash into the overnight window.
The Fed said there were 86 bidders for the U.S. central bank
Volume surged after the Fed last month raised the rate it
pays on reverse repurchase agreements to 0.05% from 0% as part
of technical adjustments to keep the effective federal funds
rate from falling too low.
(Reporting by Gertrude Chavez-Dreyfuss
Editing by Chris Reese)