Reverse Repo Data

For last two months we have seen huge spike in Reverse Repo Market where in the size of reverse repo is touching trillion dollars and more daily. The charts attached below gives a eagle eye view of what is happening with this liquidity:

The excess liquidity which Central Banks have created is now being parked with Fed for the need of pristine collateral. Banks are not in a position to absorb their clients’ deposits. 

Some of you have posted your query regarding the participants of Reverse Repo Market. So we are disclosing you the name of those counterparties along with some Money Manager AUM and Charts of some Banks. The most interesting name in this is Credit Agricole and one Japanese Bank, Mizuho Bank. So here are the parties:

Reverse Repo Counterparties
BANKS
Ally Bank Bank of America,
N.A. Bank of Montreal (Chicago Branch)
Barclays Bank PLC – New York Branch
Citibank,
N.A. Credit Agricole Corporate and Investment Bank
Goldman Sachs Bank USA
HSBC Bank USA, N.A.
JPMorgan Chase Bank, N.A.
Mizuho Bank, Ltd.
Morgan Stanley Bank, N.A.
Natixis New York Branch
Royal Bank of Canada,
Sumitomo Mitsui Banking Corporation, NY branch
The Northern Trust Company,
Wells Fargo Bank, NA
GOVERNMENT-SPONSORED ENTERPRISES
CoBank,
ACB Federal Agricultural Mortgage Corporation (Farmer Mac)
Federal Home Loan Bank of Atlanta
Federal Home Loan Bank of Boston
Federal Home Loan Bank of Chicago
Federal Home Loan Bank of Cincinnati
Federal Home Loan Bank of Dallas
Federal Home Loan Bank of Des Moines
Federal Home Loan Bank of Indianapolis
Federal Home Loan Bank of New York
Federal Home Loan Bank of Pittsburgh
Federal Home Loan Bank of San Francisco
Federal Home Loan Bank of Topeka
Federal Home Loan Mortgage Corporation (Freddie Mac)
Federal National Mortgage Association (Fannie Mae)
 
INVESTMENT MANAGERMONEY MARKET FUNDS
Alliance Bernstein L.P.
(A.U.M of $697 Billion)
AB Fixed-Income Shares, Inc. – AB
Government Money Market Portfolio
BlackRock Advisors, LLCBlackRock Liquidity Funds: FedFund
BlackRock Liquidity Funds: T-Fund
BlackRock Liquidity Funds: TempCash
BlackRock Liquidity Funds: TempFund
BlackRock Fund AdvisorsMoney Market Master Portfolio
Treasury Money Market Master Portfolio
BNY Mellon Investment Adviser, Inc. (AUM of $328 Billion)Dreyfus Cash Management
Dreyfus Government Cash Management
Dreyfus Institutional Preferred Government Money Market Fund Dreyfus Treasury and Agency Liquidity Money Market Fund
Dreyfus Treasury Obligations Cash Management
Capital Research and Management Company (AUM of $2.67 Trillion)American Funds U.S. Government Money Market Fund
Capital Group Central Fund Series,
Capital Group Central Cash Fund
Charles Schwab Investment Management, Inc. (AUM of $7.57 Trillion)Schwab Government Money Fund,
Schwab Treasury Obligations Money Fund
Schwab Value Advantage Money Fund
Schwab Variable Share Price Money Fund
Columbia Management Investment Advisers, LLC (AUM of $359.4 Billion)Columbia Short-Term Cash Fund, a series of Columbia Funds Series Trust II
Deutsche Investment Management Americas, Inc.Government Cash Management Portfolio
Dimensional Fund Advisors LP (AUM of $637 Billion)The DFA Short Term Investment Fund of The DFA Investment Trust Company
Federated Investment Management CompanyEdward Jones Money Market Fund
Federated Hermes Capital Reserves Fund
Federated Hermes Government Obligations Fund
Federated Hermes Government Obligations Tax-Managed Fund Federated Hermes Government Reserves Fund
Federated Hermes Institutional Prime Obligations Fund
Federated Hermes Institutional Prime Value Obligations Fund Federated Hermes Municipal Obligations Fund
Federated Hermes Prime Cash Obligations Fund
Federated Hermes Tax-Free Obligations Fund
Federated Hermes Treasury Obligations Fund
Federated Hermes Trust for U.S. Treasury Obligations
Federated Hermes U.S. Treasury Cash Reserves
Fidelity Management & Research Company LLCFidelity Colchester Street Trust: Government Portfolio
Fidelity Colchester Street Trust: Money Market Portfolio
Fidelity Colchester Street Trust: Treasury Portfolio
Fidelity Hereford Street Trust: Fidelity Government Money Market Fund
Fidelity Hereford Street Trust: Fidelity Money Market Fund
Fidelity Newbury Street Trust: Fidelity Treasury Money Market Fund
Fidelity Phillips Street Trust: Fidelity Government Cash Reserves Fidelity Revere Street Trust: Fidelity Cash Central Fund Fidelity Revere Street Trust: Fidelity Securities Lending Cash Central Fund Fidelity Salem Street Trust: Fidelity Series Government Money Market Fund Variable Insurance Products Fund V: VIP Government Money Market Portfolio
Franklin Advisers, Inc.The Money Market Portfolio
Goldman Sachs Asset ManagementGoldman Sachs Financial Square Government Fund
Goldman Sachs Financial Square Money Market Fund
Goldman Sachs Financial Square Prime Obligations Fund Goldman Sachs Financial Square Treasury Obligations Fund Goldman Sachs Financial Square Treasury Solutions Fund
HSBC Global Asset Management (USA), Inc.HSBC U.S. Government Money Market Fund
Invesco Advisers, Inc.(AUM of $702 Billion)STIT Government and Agency Portfolio STIT Treasury Portfolio
J. P. Morgan Investment Management Inc.JPMorgan Liquid Assets Money Market Fund
JPMorgan Prime Money Market Fund
JPMorgan Tax Free Money Market Fund
JPMorgan U.S. Government Money Market Fund
JPMorgan U.S. Treasury Plus Money Market Fund
Legg Mason Partners Fund Advisor, LLC (AUM of $730 Billion)Western Asset/Government Portfolio
Western Asset/Liquid Reserves Portfolio
Western Asset/U.S. Treasury Reserves Portfolio
Morgan Stanley Investment Management, Inc.Morgan Stanley Institutional Liquidity Funds Government Portfolio
Morgan Stanley Institutional Liquidity Funds Government Securities Portfolio
Morgan Stanley Institutional Liquidity Funds Prime Portfolio Morgan Stanley Institutional Liquidity Funds Treasury Portfolio Morgan Stanley Institutional Liquidity Funds Treasury Securities Portfolio
Northern Trust Investments, Inc. (AUM of $1.5 Trillion)NTAM Treasury Assets Fund
Northern Funds – U.S. Government Money Market Fund
Northern Funds – U.S. Government Select Money Market Fund Northern Institutional Funds – Government Portfolio
Northern Institutional Funds – Government Select Portfolio Northern Institutional Funds – Treasury Portfolio
RBC Global Asset Management (U.S.) Inc. (AUM of $667 Billion)RBC Funds Trust, U.S. Government Money Market Fund
SSA Funds Management, Inc. (AUM of $3.9 Trillion)Institutional Liquid Reserve Portfolio
Institutional US Gov. Money Market Fund, a series of the State Street Master Funds State Street Navigator Securities Lending Government Money Market Portfolio
State Street Treasury Plus Money Market Portfolio
T. Rowe Price Associates, Inc. (AUM of $187.7 Billion)T. Rowe Price Government Money Fund, Inc.
T. Rowe Price Government Reserve Fund
T. Rowe Price Treasury Reserve Fund
T. Rowe Price U.S. Treasury Money Fund
UBS Asset Management (Americas) Inc.Government Master Fund
Limited Purpose Cash Investment Fund
Prime Master Fund
Treasury Master Fund
U.S. Bancorp Asset Management, Inc.First American Government Obligations Fund
First American Treasury Obligations Fund
The Vanguard Group, Inc.Vanguard Admiral Funds – Vanguard Treasury Money Market Fund Vanguard CMT Funds – Vanguard Market Liquidity Fund
Vanguard Money Market Reserves – Vanguard Cash Reserves Federal Money Market Fund
Vanguard Money Market Reserves – Vanguard Federal Money Market Fund
Wells Fargo Funds Management (AUM of $234 Billion)Wells Fargo Government Money Market Fund
Wells Fargo Heritage Money Market Fund
Wells Fargo Money Market Fund
Wells Fargo Treasury Plus Money Market Fund
Wilmington Funds Management Corp.Wilmington U.S. Government Money Market Fund

Note: In simple terms if anyone wants to determine the holding i.e. AUM then just type name of Fund along with 13 F filing and you will get latest AUM.

At the end we will leave it to our viewers to analyse things more, as increasing reverse repo is not a normal thing for economy.

Source: https://www.newyorkfed.org/markets/rrp_counterparties

  • By Nishant Maheshwari, Vishal Vora

Disclaimer: This is for information purpose only

In case you are interested in making a contribution to our writing, please do so in the following account:

Account Number: 00000037522669317

Name: Rashi Maheshwari
IFSC Code: SBIN0030115

Name of Bank: SBI India,YN Road Branch Indore-India

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: