Fed's reverse repo operation draws only 3 counterparties, $851 million

Published Sep 28, 05:27 PM UTC

The Federal Reserve conducted a fixed-rate reverse repurchase agreement (RRP) operation, accepting a total of $851 million from three 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 amount and small number of counterparties suggest that money market conditions remain stable, with ample liquidity in the banking system. The data, reported by financial information provider Jin10, reflects a routine monetary policy implementation action by the U.S. central bank. No forecasts or opinions are included in the source item.

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