Fed’s overnight reverse repo facility usage rises to $250M

The move is a curiosity rather than a signal: the facility is operating at residual levels, so a shift from $152 million to $250 million says little about system-wide liquidity and much about how few counterparties still use it. What matters is that the RRP is no longer the buffer it once was, leaving money-market plumbing more dependent on other outlets. Whether these small balances stay negligible is the open question worth tracking.