According to Odaily, a significant amount of cash flowed into the Federal Reserve's reverse repurchase agreement (repo) tool on Tuesday, marking the highest usage level since early summer. On the last trading day of 2024, money market funds and other eligible institutions deposited $473.5 billion with the Fed. This surge in usage was anticipated, as it is common for large cash inflows to occur at the end of quarters and years when companies adjust their balance sheets. The cash influx on Tuesday was the highest since the last trading day of the second quarter, which saw $664.6 billion, and it surpassed the $465.6 billion recorded at the end of the third quarter on September 30.