ON RRP reads $4.5B as of 2026-07-07. Change from prior reading: +1.77. Current value sits at the 11th percentile of the trailing 5 years. Sourced from fred, refreshed every 6 hours, and free to access via the JSON API.
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Indicator Terminal View
Integrated Brief
RRPONTSYD — 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 is currently 4.48 (daily change +1.77). Based on its standardized history position (z-score), the current read is "Neutral range". Check related indicators to confirm whether this is isolated noise or a broader liquidity shift.
Interactive Chart
ON RRP sits in Policy / Reserves with an effective weight of 0.5% in the DLI composite. Current reading direction: Neutral.
ON RRP is a core liquidity signal used to track funding conditions and risk appetite in US dollar markets.
This indicator shifts available liquidity and risk premium, which can move valuations in equities, crypto, and credit.
Use the related indicators and the Liquidity Score direction together to avoid overreacting to a single data point.
Read our complete guide on ON RRP, including historical examples, interpretation methods, and common pitfalls.