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Authorized for public release by the FOMC Secretariat on 1/8/2021

FEDERAL RESERVE BANK

Date:

July 23, 2015

To:

Research Directors

From:

Simon Potter

OF

NEW YORK

Subject: Factors Influencing the Demand for Reverse Repos

Attached is a memo entitled “Factors Influencing Demand for Reverse
Repos.”
Anecdotal reports and the results of recent Desk surveys suggest that
market participants have a wide range of views about the level of demand for
overnight reverse repurchase agreement (ON RRP) operations during the
months following liftoff. This memo explores some of the factors market
participants have cited as possibly influencing this demand over time.
Please contact me with questions or comments.

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