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Money Fund Repo: The Fed vs Cleared Repo
Money market fund repo with the Federal Reserve and cleared through FICC, $ billions, month-end
Plays the chart through its history. Pauses are where the data set a record or moved most.
With the Fed (reverse repo facility) · Continuation · the recent trend, flattening · 30 days
Cleared through FICC · Continuation · the recent trend, flattening · 30 days
Dashed: the projection from the latest reading. Shaded: the range about two in three outcomes land in. A projection, not a promise.
Office of Financial Research, from the funds' SEC Form N-MFP filings.
How much money-fund cash sits at the Federal Reserve's overnight reverse repo facility, and how much is lent in cleared private repo instead.
What this chart reads
- Money Market Fund Repo With the Federal Reserveas “With the Fed (reverse repo facility)”latest 2026-09-30
- Money Market Fund Repo Cleared Through FICCas “Cleared through FICC”latest 2026-09-30
Sources
Money Market Fund Repo With the Federal Reserve. Source: Office of Financial Research, Short-term Funding Monitor (MMF-MMF_RP_wFR-M). Public domain.
Money Market Fund Repo Cleared Through FICC. Source: Office of Financial Research, Short-term Funding Monitor (MMF-MMF_RP_wFICC-M). Public domain.
Charts are drawn from Palanor's signal library and recomputed from source data on every view. Transformations (changes, indexing, year-on-year rates) are Palanor's.