mikey_the_kid
mikey_the_kid t1_isozrg5 wrote
Reply to comment by 685327594 in US Fed's Reverse Repo Facility [OC] by rosetechnology
Banks have lots of liquidity, they park their money here in a reverse repo with the fed, the fed pays interest to the bank on the reverse repo. The federal funds rate has been going up. Reverse repo rate is tied to the FFR, so the interest payments to the banks have been going up.
Why do banks park money in these agreements? No better risk-reward options out there. They are acting rationally.
mikey_the_kid t1_iu4h1w4 wrote
Reply to comment by snow_michael in TIL Devon Allen, track & field athlete/Philadelphia Eagles wide receiver, was disqualified in the World Athletic Championships for a controversial false start. The starting blocks measured his reaction time from the time the gun went off at 0.099, which is 0.001 seconds faster than legally allowed. by The_Critical_Cynic
At championship levels there are speakers behind each set of blocks and the signal is electronic.