Overnight Reverse Repo in the United States decreased to 1.65 USD Billion on Wednesday August 5 from 2.25 in the previous day. Overnight Reverse Repo in the United States averaged 413.16 USD Billion from 2003 until 2026, reaching an all time high of 2553.72 USD Billion in December of 2022 and a record low of 0.00 USD Billion in November of 2019. source: Federal Reserve Bank of New York

United States Overnight Reverse Repo Operations

A reverse repurchase agreement (known as reverse repo or RRP) is a transaction in which the New York Fed, under the authorization and direction of the Federal Open Market Committee, sells a security to an eligible counterparty with an agreement to repurchase that same security at a specified price at a specific time in the future. For these transactions, eligible securities are U.S. Treasury instruments, federal agency debt and the mortgage-backed securities issued or fully guaranteed by federal agencies. The Federal Reserve uses the Overnight Reverse Repo facility as a liquidity drain in the US financial system, allowing eligible firms to park their cash overnight for a risk-free return of the overnight reverse repo rate, which commonly sits at the lower-end of the federal funds target.