Resources and Assets: U.S. Government Securities: Bought or Held Outright: U.S. Certificates of Indebtness, One Year Pittman Act
RAGSOUSCID1PA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.00
Year-over-Year Change
-75.00%
Date Range
1/7/1921 - 12/27/1922
Summary
This economic indicator tracks the U.S. government's issuance and management of Certificates of Indebtedness under the Pittman Act for a one-year period. It provides insight into government debt management strategies and short-term financial obligations.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The series represents a specific type of government security issued under the Pittman Act, which is a historical mechanism for managing government debt and monetary liquidity. Economists use this data to understand government financing mechanisms and short-term fiscal policy approaches.
Methodology
Data is collected and reported by the U.S. Federal Reserve through its comprehensive tracking of government securities and financial instruments.
Historical Context
This indicator is used in macroeconomic analysis to assess government debt management, monetary policy, and short-term financial market conditions.
Key Facts
- Relates to specific government debt instruments issued under the Pittman Act
- Provides a snapshot of short-term government financial obligations
- Part of the Federal Reserve's comprehensive economic data tracking
FAQs
Q: What is the Pittman Act?
A: The Pittman Act was a historical legislative measure related to government financial management and silver currency policies. It provided mechanisms for issuing specific types of government securities.
Q: How often is this data updated?
A: Typically, this type of Federal Reserve data is updated periodically, with frequency depending on specific reporting cycles and economic conditions.
Q: Why are Certificates of Indebtedness important?
A: These certificates represent short-term government borrowing instruments used to manage cash flow and meet immediate financial obligations. They are crucial for understanding government fiscal strategies.
Q: How do these securities impact the broader economy?
A: These securities can influence interest rates, government borrowing costs, and overall monetary liquidity in the financial system.
Q: What are the limitations of this data series?
A: The series provides a historical perspective and may not fully reflect current government debt management strategies. It should be interpreted within its specific historical and economic context.
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Citation
U.S. Federal Reserve, Resources and Assets: U.S. Government Securities: Bought or Held Outright: U.S. Certificates of Indebtness, One Year Pittman Act [RAGSOUSCID1PA], retrieved from FRED.
Last Checked: 8/1/2025