Fed Reverse Repo numbers increasing in both $ and number of participants

Not sure what this means, but in addition to the dollar amount of Reverse Repo overnight transactions, the number of participants has doubled in the past 2 weeks. If the dollar amount is a bad sign for the economy/markets, then 2.5x the participants seems bad as well:

May 20

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May 6

It's actually over a 200% increase in both dollars and in participants. Whatever is going on, it seems widespread.

I looked up the authorized participants and counted them by hand. There are 57. So only 9 banks are not participating in the overnight reverse repos. They won't tell us who exactly participated, so we can't get more than that, unless someone knows a trick.

Authorized participants: https://www.newyorkfed.org/markets/rrp_counterparties.html

Reverse Repo numbers: https://apps.newyorkfed.org/markets/autorates/tomo-results-display

Buy, HODL and vote!

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Edit: I noticed that 17 of the market participants are Federal home loan banks and Freddie Mac/Fannie Mae. If only 9 are NOT participating, at least 8 of the mortgage providers ARE participating. That is extra weird.

Also, this post explains repo well, and how it relates to GME. https://www.reddit.com/r/Superstonk/comments/nhepn1/the_imminent_liquidity_crisis_reverse_repos_usage/

Edit2: —— u/poozy13 created this awesome plot of reverse repo amounts. Sure looks exponential to me... yikes

https://i.imgur.com/59Jjstq_d.webp?maxwidth=640&shape=thumb&fidelity=medium