Federal Reserve Reverse Repo Operations Involve 24-42 Counterparties Taking $132B-$196B in Late July 2025

The Federal Reserve's reverse repurchase (repo) operations have seen fluctuating participation and amounts over the week ending July 28, 2025. On July 22, 34 counterparties took in $196.374 billion, a decline from the previous week's $213.67 billion with 33 bids. The following day, July 23, 30 counterparties participated, taking $189.632 billion. On July 24, the New York Fed accepted the full $132.186 billion submitted by 28 counterparties. The operation saw a slight rebound on July 25 with 24 counterparties absorbing $150.509 billion. By July 28, participation increased to 42 counterparties who took $170.463 billion, up from $150.509 billion with 24 bids on July 25. These figures reflect ongoing adjustments in the Fed's liquidity management through its reverse repo facility.