Resources and Assets: Tri-Party Repo Agreements, Repurchase Agreements

RATPRA • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

0.00

Year-over-Year Change

N/A%

Date Range

10/6/1999 - 4/11/2018

Summary

The Resources and Assets: Tri-Party Repo Agreements (RATPRA) tracks the total value of repurchase agreements facilitated by third-party clearing banks. This metric provides critical insight into short-term funding markets and liquidity conditions in the financial system.

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

Tri-party repo agreements are complex financial transactions where a borrower obtains short-term funding by selling securities with an agreement to repurchase them later. Economists closely monitor this trend as an indicator of market liquidity, financial institution funding strategies, and potential systemic risk.

Methodology

Data is collected through aggregated reporting from major clearing banks that facilitate tri-party repurchase transactions.

Historical Context

Central banks and financial regulators use this data to assess market stability, monetary policy effectiveness, and potential stress in short-term lending markets.

Key Facts

  • Tri-party repos involve a third-party clearing bank managing collateral and settlement
  • These agreements are crucial for short-term funding in financial markets
  • The volume of tri-party repos can indicate market confidence and liquidity conditions

FAQs

Q: What is a tri-party repurchase agreement?

A: A tri-party repo is a short-term funding transaction where a borrower sells securities to a lender, with an agreement to repurchase them later, facilitated by a third-party clearing bank.

Q: Why do financial institutions use tri-party repos?

A: Institutions use tri-party repos to obtain short-term funding, manage liquidity, and optimize their balance sheet operations with lower transaction costs.

Q: How often is RATPRA data updated?

A: The data is typically updated on a regular schedule by the Federal Reserve, with frequency depending on reporting cycles and market conditions.

Q: What does RATPRA tell us about financial markets?

A: RATPRA provides insights into market liquidity, funding costs, and potential stress in short-term lending markets, which are critical for understanding financial system health.

Q: Are there limitations to interpreting RATPRA?

A: While valuable, RATPRA should be analyzed alongside other financial indicators to provide a comprehensive view of market conditions and potential risks.

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Citation

U.S. Federal Reserve, Resources and Assets: Tri-Party Repo Agreements, Repurchase Agreements [RATPRA], retrieved from FRED.

Last Checked: 8/1/2025