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.
Related News
U.S. Treasury Yields Increase Amid Strong Economic Growth and Inflation Concerns
Treasury Yields Surge Amid Economic Growth and Inflation Concerns Treasury yields are surging as investors closely monitor the evolving U.S. econom...
U.S. Stock Futures Stagnant Despite Positive Jobless Claims and GDP
Why US Stock Futures Remain Stagnant Despite Positive Economic Indicators The current investment landscape is puzzling for many as US stock futures...
U.S. Trade Deficit Decreases As Businesses Anticipate Tariff Hikes
U.S. Trade Deficit Reaches Two-Year Low Amid Anticipated Tariff Hikes The recent announcement that the U.S. trade deficit has reached a two-year lo...
U.S. Stock Indices Rebound After Tech Stocks' Recent Decline
US Stock Indices Rebound: Understanding the Market Recovery The recent surge in the US stock market marks a significant upturn, with key indices su...
US Treasury Yields Increase Before Key Economic Data Release
How Treasury Yields Signal Market Expectations Ahead of Crucial Economic Data Release Treasury yields, often referred to as a barometer for the U.S...
U.S. GDP Growth to Slow Due to Tariffs and Immigration Policies
How Tariffs and Immigration Policies Influence U.S. GDP Growth in 2025 The U.S. GDP is a fundamental gauge of the country's economic health. Recent...
Related Trends
Liabilities and Capital: Liabilities: Reverse Repurchase Agreements: Others: Wednesday Level
WLRRAOL
Overnight Reverse Repurchase Agreements: Mortgage-Backed Securities Sold by the Federal Reserve in the Temporary Open Market Operations
RRPONMBSD
Resources and Assets: Gold and Gold Certificates: Gold Redemption Fund with U.S. Treasurer; Treasury
RAGGCGRF
Liabilities: Deposits: Total Deposits
LDTOTD
Assets: Liquidity and Credit Facilities: Loans: Change in Week Average from Year Ago Week Average
RESPPALDXAWXCH52NWW
Memorandum Items: Custody Holdings: Other Securities: Wednesday Level
WSEFINOL
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