runoff

The Fed also announced it will end its balance-sheet runoff on Dec. 1, marking the end of its long effort to shrink the central bank’s holdings of Treasuries and mortgage securities.

Officials have long said they would cease the runoff of their Treasury holdings when they detected evidence in overnight lending markets that banks were no longer awash in surplus cash.

She criticised the surge of high-rise developments "sited in areas that should be the runoff of the city", saying they had brought flooding to districts "that never had flooding before".

For the past three years, most of the Fed’s balance-sheet runoff drained cash not from banks but from a separate deposit facility where money-market funds could park cash.

The Bolivian election authority confirmed Rodrigo Paz's victory in the presidential runoff, announcing the final count on Wednesday after days of protests alleging fraud erupted across the Latin American country.