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A comment on U.S. Fed reverse repo volume hits record $1T. Parent comment

Re:U.S. Fed reverse repo volume hits record $1T by trenning on Friday July 30, 2021 @05:37PM (#28012675)
Does that mean the fed is earning ~$50billion in interest a day?

That seems good for our national budget unless I'm misinterpreting it.

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Re:U.S. Fed reverse repo volume hits record $1T by protoax on Friday July 30, 2021 @07:22PM (#28013626)
Where are you getting that figure from? 0.05% is $500m.
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Re:U.S. Fed reverse repo volume hits record $1T by skzv on Saturday July 31, 2021 @03:11AM (#28016073)
It's also annualized, so it's $500m over the entire year.

And it's interest earned by the banks, not the Fed.

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Re:U.S. Fed reverse repo volume hits record $1T by altspace on Saturday July 31, 2021 @11:29AM (#28018985)
No, Fed is Paying ~$1.37 Million in interest a day
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