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Fed Liquidity — Bank Reserves + Reverse Repo

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The two pieces of the post-QT plumbing — reserves and the RRP parking lot.

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What this chart shows
Methodology

WRESBAL = Reserve Balances with Federal Reserve Banks ($bn, weekly). RRPONTSYD = Overnight Reverse Repurchase Agreements: Treasury Securities ($bn, daily). RRP is the parking lot for money-fund cash; reserves are the long-term liquidity base for banks.