Fed's Standing Repo Facility on track for big test at end of September

By Michael S. Derby WASHINGTON (Reuters) -Federal Reserve interest rate-control liquidity facilities are set for a heavy-duty workout into the close of the month, with big implications for how much farther the U.S. central bank can take its balance sheet wind-down process. The Fed's reserve repo facility and its still largely untested Standing Repo Facility (SRF) are likely to see major inflows as banks and other firms navigate normal month- and quarter-end volatility, in an environment where central ban ...