Overnight Repurchase Agreements: Federal Agency Securities Purchased by the Federal Reserve in the Temporary Open Market Operations
RPONAGYD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
10/8/2021 - 8/7/2025
Summary
The RPONAGYD series tracks overnight repurchase agreements involving federal agency securities purchased by the Federal Reserve during temporary open market operations. This metric provides critical insight into short-term liquidity management and monetary policy implementation 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
This economic indicator represents the volume of temporary securities transactions where the Federal Reserve purchases federal agency securities with an agreement to resell them shortly afterward. Economists use this data to understand central bank interventions, short-term credit markets, and monetary policy transmission mechanisms.
Methodology
The data is collected and reported by the Federal Reserve, tracking the daily value of overnight repurchase agreements involving federal agency securities.
Historical Context
This series is crucial for analyzing monetary policy implementation, assessing short-term market liquidity, and understanding the Federal Reserve's balance sheet management strategies.
Key Facts
- Represents temporary securities transactions by the Federal Reserve
- Provides insight into short-term market liquidity
- Critical for understanding monetary policy implementation
FAQs
Q: What are repurchase agreements?
A: Repurchase agreements are short-term borrowing transactions where one party sells securities and agrees to repurchase them later at a slightly higher price.
Q: Why do central banks use repurchase agreements?
A: Central banks use repurchase agreements to manage short-term interest rates, provide liquidity to financial markets, and implement monetary policy.
Q: How often is the RPONAGYD data updated?
A: The RPONAGYD data is typically updated daily, reflecting the Federal Reserve's ongoing open market operations.
Q: What types of securities are involved in these transactions?
A: These transactions specifically involve federal agency securities, which are debt instruments issued by government-sponsored enterprises.
Q: What do changes in this metric indicate?
A: Fluctuations can signal changes in market liquidity, monetary policy stance, and short-term credit market conditions.
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Related Trends
Assets: Liquidity and Credit Facilities: Loans: Seasonal Credit: Change in Week Average from Previous Week Average
RESPPALDSXAWXCH1NWW
Collateralization of Currency: Holdings Against Federal Reserve Notes: Collateral Held Against Federal Reserve Notes: Other Assets Pledged: Wednesday Level
RESPPNONWW
Assets: Other: Repurchase Agreements: Change in Wednesday Level from Previous Wednesday Level
RESPPALGTRXCH1NWW
Assets: Liquidity and Credit Facilities: Loans: Seasonal Credit: Week Average
WSB
Liabilities: Deposits: Due to Nonmember Banks -- Clearing Account, Special Deposits of Nonmember Banks
LDDNMBSDNMB
Collateralization of Currency: Holdings Against Federal Reserve Notes: Collateral Held Against Federal Reserve Notes: Gold Certificate Account: Wednesday Level
RESPPNGNWW
Citation
U.S. Federal Reserve, Overnight Repurchase Agreements: Federal Agency Securities Purchased by the Federal Reserve in the Temporary Open Market Operations [RPONAGYD], retrieved from FRED.
Last Checked: 8/1/2025