TREE NEWS reports: The Federal Reserve’s overnight reverse repurchase agreement (RRP) facility saw $325 million in usage on Friday, Nov. 13, with one counterparty, up from $250 million the previous trading day. The RRP facility is used by eligible counterparties to park cash with the central bank overnight at the Fed’s administered rate.
Fed Overnight Reverse Repo Usage Rises to $325M on Nov 13
The move is small in dollar terms but notable for its direction: RRP usage jumping and the counterparty count staying at one suggests a narrow, idiosyncratic cash-placement decision rather than a broad shift in money-market conditions. With volumes this thin, single-counterparty prints carry little signal about system-wide liquidity, so the read-through for funding markets is limited. Whether usage stays clustered around a lone participant or broadens out is the open question worth tracking.
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