ONRRP

Overnight reverse repo.

Note: The US Federal Reserve generally abbreviates to 'ON RRP', with the space, when referring to activity in its overnight fixed-rate reverse repurchase agreement programme, introduced since 2013 as a tool for reducing deposits by monetary institutions (mostly banks) with the central bank. The Fed has opened its programme to non-banks including money funds.

See also

• Federal Reserve
• Reverse repo
• Reverse repurchase agreement