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2014-01-03 — bloomberg.com
``The facility, which the central bank is testing as tool for when it eventually reverses its unprecedented monetary accommodation, is a place for investors to put cash during the final week of the year. Typically at the end of the year, dealer balance sheets come under pressure, making it harder for them to take cash in the repo market, historically driving repo rates lower. This is the first year-end where investors have the option to do repos with the Fed, providing an alternative place to park cash of the end of the calendar year.''
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