【Federal Reserve Reverse Repo Mechanism Attracts $473.5 Billion on Last Day of 2024, Largest Scale Since Early Summer】Golden Finance reports that a large amount of cash surged into the Federal Reserve's reverse repo tool on Tuesday, the last trading day of 2024, pushing the usage of this tool to its highest level since early summer. Money market funds and other eligible institutions deposited $473.5 billion on the Fed's books. This significant increase in usage is not surprising; at the end of quarters and years, corporations often make short-term adjustments as they manage their balance sheets, leading to significant cash inflows into the Fed. The cash inflow on Tuesday was the highest since the $664.6 billion that flowed in on the last trading day of the second quarter, also surpassing the $465.6 billion at the end of the third quarter on September 30.