Indicator Terminal View
Integrated Brief
As of 2026-10-06, the Overnight Reverse Repo (ON RRP) stood at $0.4B, down $0.6B from the prior reading, at the 3rd percentile of the past 5 years. Overnight Reverse Repo balance (FRED). One of the three net-liquidity components (Fed balance sheet − TGA − ON RRP): cash parked here is sterilized out of the banking system, so a falling ON RRP balance releases liquidity back into reserves (supportive) while a rising balance absorbs it (tightening).
Core Print
Current Interpretation
ON RRP read $0.4B on 2026-10-06 (-$0.6B vs prior reading). Based on its standardized historical distribution (z-score), current positioning reflects a "neutral range". Check related plumbing indicators to evaluate broader systemic conditions.
Source: FRED · RRPONTSYD. Refreshed every 6 hours and free to access via the JSON API.
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ON RRP sits in Policy / Reserves with an effective weight of 0.9% in the DLI composite. Current reading direction: Neutral.
Read the full guide to ON RRP: what it measures, how to read it, and the common mistakes.