Overnight Repurchase Agreements: Treasury Securities Purchased by the Federal Reserve in the Temporary Open Market Operations

RPONTSYD • 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 RPONTSYD series tracks overnight repurchase agreements involving Treasury 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

Repurchase agreements represent short-term collateralized lending transactions where the Federal Reserve temporarily purchases Treasury securities with an agreement to resell them at a predetermined price. Economists closely monitor these transactions as they reflect the central bank's efforts to manage money supply, control short-term interest rates, and maintain financial system stability.

Methodology

Data is collected directly by the Federal Reserve through its open market trading desk, tracking the daily volume and characteristics of overnight repurchase agreement transactions.

Historical Context

This data series is crucial for understanding monetary policy implementation, short-term credit markets, and the Federal Reserve's strategies for managing financial system liquidity.

Key Facts

  • Repurchase agreements are critical short-term funding mechanisms in financial markets
  • The Federal Reserve uses these transactions to manage liquidity and influence interest rates
  • These agreements typically involve high-quality, low-risk securities like U.S. Treasury bonds

FAQs

Q: What is a repurchase agreement?

A: A repurchase agreement is a short-term borrowing transaction where one party sells securities and agrees to repurchase them later at a slightly higher price, effectively creating a collateralized loan.

Q: Why does the Federal Reserve use repurchase agreements?

A: The Federal Reserve uses these agreements to manage short-term interest rates, provide liquidity to financial markets, and implement monetary policy objectives.

Q: How frequently is RPONTSYD data updated?

A: The RPONTSYD data is typically updated daily, reflecting the most recent overnight repurchase agreement transactions conducted by the Federal Reserve.

Q: What types of securities are used in these agreements?

A: U.S. Treasury securities are primarily used in these repurchase agreements due to their high liquidity and low credit risk.

Q: What are the limitations of this data series?

A: The data represents a snapshot of temporary market operations and may not fully capture longer-term trends or comprehensive market dynamics.

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Citation

U.S. Federal Reserve, Overnight Repurchase Agreements: Treasury Securities Purchased by the Federal Reserve in the Temporary Open Market Operations [RPONTSYD], retrieved from FRED.

Last Checked: 8/1/2025