OREANDA-NEWS. The Federal Reserve on Thursday awarded \$50.0 billion of seven-day term fixed-rate reverse repurchase agreements to 49 bidders at an interest rate of 0.06 percent, the New York Federal Reserve said on its website.

Fifty-three bidders including Wall Street dealers, money market mutual funds and mortgage finance agencies submitted \$87.68 billion in bids with interest rates ranging from 0.05 percent to 0.10 percent.

At the term reverse repo operation a week ago, the US central bank allotted \$30.0 billion in 7-day RRPs to 34 bidders also at an interest rate of 0.06 percent.

At that operation, 53 bidders submitted \$73.585 billion in bids with interest rates ranging from 0.05 percent to 0.10 percent.