New York Fed's Reverse Repo Usage Falls Below $1 Trillion, Decreasing from $1.024T to $993B

The Federal Reserve's reverse repo usage has dropped below $1 trillion for the first time in over two years, signaling a decrease in liquidity. The amount decreased from $1.024 trillion to $993 billion, marking the first time it has been below $1 trillion since August 2021. The New York Fed's reverse repo facility, which was once over $2 trillion at its peak, has experienced this significant decline in usage. This drop indicates a liquidity drain as investors are parking less money at the Federal Reserve facility.