Fed's reverse repo operation draws only 4 counterparties, $461 million

Published Sep 23, 05:22 PM UTC

The Federal Reserve conducted a fixed-rate reverse repurchase agreement (RRP) operation, accepting a total of $461 million from four counterparties. This operation is part of the Fed's routine money market tools used to manage short-term interest rates and drain excess liquidity from the banking system. The low participation amount and limited number of counterparties reflect ongoing trends in money market conditions, where the usage of the Fed's reverse repo facility has declined significantly from its peak levels in previous years. The data was reported by financial information provider Jin10.

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