Golden Finance reported that a large amount of cash poured into the Federal Reserve's reverse repurchase facility on the last trading day of 2024 on Tuesday, pushing the use of the facility to the highest level since early summer. Money market funds and other eligible institutions have $473.5 billion on the Fed's books. This surge in usage is not unexpected, as large amounts of cash often flow into the Fed at the end of quarters and years, when businesses typically undergo brief adjustments as they manage their balance sheets. Tuesday's cash inflow was the highest since $664.6 billion was poured in on the last trading day of the second quarter, and topped the $465.6 billion at the end of the third quarter on September 30.