Fed Reverse Repo Usage Drops to $582M with Only 15 Counterparties

Published Sep 21, 05:27 PM UTC

The Federal Reserve conducted a fixed-rate reverse repurchase agreement (RRP) operation, accepting a total of $582 million from 15 counterparties. This operation is a tool used by the Fed to manage short-term interest rates and absorb excess liquidity from the financial system. The relatively low take-up compared to historical levels indicates continued drainage of cash from the facility as money market conditions normalize. The data, reported by financial information provider Jin10, reflects ongoing adjustments in the Fed's balance sheet and money market operations.

# Federal Reserve Reverse Repo Operation Summary

The Federal Reserve accepted a total of **$582 million** from **15 counterparties** in its fixed-rate reverse repurchase agreement operations.

Content shown outside its original language is machine translated; summaries may also be condensed.