OREANDA-NEWS. March 17, 2015. The Federal Reserve on Monday awarded \\$112.06 billion of overnight fixed-rate reverse repurchase agreements to 43 bidders at an interest rate of 0.05 percent, the Federal Reserve Bank of New York said on its website.

On Friday, the US central bank allotted \\$98.04 billion in three-day reverse repos to 36 bidders including Wall Street dealers, money market mutual funds and mortgage finance agencies, also at an interest rate of 0.05 percent.

The repo rate was last quoted at 0.26 percent to 0.28 percent, compared with 0.24 percent late on Friday , according to ICAP.

The repo rate, which is what money funds and other investors charge to lend cash, on Monday rose to its highest level since Dec. 31.