[Federal Reserve's Logan: Banks May Use SRF in September to Ease Liquidity Pressure] Dallas Fed President Logan stated that the Federal Reserve still has room to reduce excess reserves and expects banks to use the Standing Repo Facility (SRF) during the September tax payment period and quarter-end to address liquidity pressures. She emphasized that this tool can quickly convert U.S. Treasury securities into cash, reducing the risk of liquidity shortages while avoiding the continuous expansion of the Federal Reserve's balance sheet.