Repurchase Agreements: Federal Agency Securities Purchased by the Federal Reserve in the Temporary Open Market Operations
RPAGYD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
10/7/2021 - 8/6/2025
Summary
The RPAGYD series tracks the volume of federal agency securities purchased by the Federal Reserve through repurchase agreements in temporary open market operations. This metric provides critical insight into short-term monetary policy implementation and liquidity management in the U.S. 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
Repurchase agreements (repos) represent short-term borrowing transactions where the Federal Reserve purchases securities with an agreement to resell them at a slightly higher price. Economists closely monitor these transactions as they represent a key mechanism for managing money supply, interest rates, and overall financial market stability.
Methodology
The data is collected and calculated by the Federal Reserve through direct tracking of temporary open market operations involving federal agency securities.
Historical Context
This trend is used by policymakers and financial analysts to assess short-term monetary policy effectiveness and assess liquidity conditions in the financial markets.
Key Facts
- Repos are crucial for managing short-term interest rates
- These transactions help regulate banking system liquidity
- The volume can indicate monetary policy stance and market conditions
FAQs
Q: What are repurchase agreements?
A: Repurchase agreements are short-term financial transactions where one party sells securities to another with a commitment to repurchase them later at a slightly higher price.
Q: Why do central banks use repos?
A: Central banks use repos to manage money supply, control short-term interest rates, and provide temporary liquidity to the financial system.
Q: How often is RPAGYD data updated?
A: The RPAGYD data is typically updated frequently, often daily or weekly, reflecting the dynamic nature of monetary operations.
Q: What do changes in repo volumes indicate?
A: Changes in repo volumes can signal shifts in monetary policy, market liquidity, and overall financial system health.
Q: Are repos risky for the Federal Reserve?
A: Repos are generally low-risk because they are short-term and backed by high-quality securities, minimizing potential financial exposure.
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Citation
U.S. Federal Reserve, Repurchase Agreements: Federal Agency Securities Purchased by the Federal Reserve in the Temporary Open Market Operations [RPAGYD], retrieved from FRED.
Last Checked: 8/1/2025