On the last day of the Fed's reverse repo mechanism in 2024, it attracted an inflow of $473.5 billion, the largest since the beginning of summer.

On January 1st, Jinshi Data reported that a large amount of cash flowed into the Fed’s reverse repurchase tools on the last trading day of 2024, pushing the usage of the tool to the highest level since the beginning of summer. Money market funds and other eligible institutions deposited $47.35 billion on the Fed’s balance sheet. This increase in usage is not unexpected, as companies typically make temporary adjustments to their balance sheets at the end of the quarter and year, resulting in a large influx of cash into the Fed. Tuesday’s cash inflow was the highest since $66.46 billion flowed in on the last trading day of the second quarter and exceeded the $46.56 billion at the end of the third quarter on September 30th.