Here's a less editorialized article from Reuters: https://www.reuters.com/business/finance/banks-tap-record-li...

Thanks. Here's an alternate Reuters link: http://archive.today/GWDYr

Thank you. From that link: "Borrowing from the Fed at year-end is also tied to market forces, where an upward drift in money market rates can make it cheaper to borrow from the Fed compared to private sources. Most expect Wednesday's borrowing surge will dissipate over coming days as more normal trading conditions reassert themselves. The activity at the standing repo operation is highly unlikely to signal any sort of market trouble."

The breathlessly reported OP credits their man with scouring the halls of the Fed for a report that they post on their website every single day, which literally everyone on Wall Street knows how to find.

https://www.newyorkfed.org/markets/desk-operations/repo