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Fed Overnight RRP Usage Falls to $630 Million
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According to a report from Chinese financial media outlet Cailianshe on September 25, the usage of the Federal Reserve's overnight reverse repurchase agreement (RRP) facility stood at $6.3 billion on Thursday, September 24. This figure represents the amount of money that money market funds and other eligible counterparties parked at the Fed overnight via the RRP tool. The data point is a routine daily update on the Fed's liquidity management operations, reflecting short-term money market conditions and the demand for the Fed's facility as a floor for overnight interest rates.
Source report
Date: September 25 (Reuters) — On Thursday, September 24, the usage of the Federal Reserve's overnight reverse repurchase agreement (RRP) facility stood at $630 million.
Source
财联社Neutral / independent
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