The Federal Reserve accepted a total of $2813.92 billion from 60 counterparties in fixed-rate reverse repo operations. Note: Reverse repo refers to the sale of securities by the Federal Reserve to Financial Institution Groups (such as commercial banks, money market funds, etc.), the withdrawal of funds from the market, and the agreement to buy these securities back at a predetermined price at a future date. This operation is usually to control the money supply and market interest rates in order to achieve specific macroeconomic goals. When the economy overheats or inflationary pressures rise, the Federal Reserve may use reverse repo operations to reduce liquidity in the market and achieve effective control of short-term interest rates.