The Federal Reserve's overnight reverse repurchase agreement (RRP) operations saw significant participation in late August 2024. On August 28, 74 counterparties engaged with the New York Fed, taking a total of $388.89 billion in the RRP facility. This was followed by a decrease in participation on August 29, where 69 counterparties took $383.434 billion. Analysts suggest that RRP amounts may fluctuate, predicting that they could rise above $400 billion by the end of the month before potentially dropping below $300 billion in the first week of September.