If the Fed does a reverse repo of bonds with banks, then the banks' reserves will increase.

Name: If the Fed does a reverse repo of bonds with banks, then the banks' reserves will increase.
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In a reverse repo, the Fed sells securities to banks with an agreement to buy them back later. This transaction actually decreases the banks' reserves because they are using their reserves to purchase the securities from the Fed.

If the Fed Does a Reverse Repo of Bonds with Banks