Fed Overnight Reverse Repo Usage Falls to $335M from $2.34B

The swing is more about counterparty count than size: two participants parked funds one day and largely stepped away the next, so the headline decline reflects a handful of balance-sheet decisions rather than a broad shift in system liquidity. RRP usage at this scale is a rounding error against the facility's pandemic-era volumes, which makes it a weak signal on its own. The open question is whether this is routine daily noise or the start of a sustained move toward near-zero take-up, which would matter more for how money-market dynamics are read than any single print.