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

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

Latest Value

0.00

Year-over-Year Change

N/A%

Date Range

10/18/2021 - 8/15/2025

Summary

The Overnight Repurchase Agreements (Repo) trend measures the total volume of securities temporarily purchased by the Federal Reserve in short-term monetary operations. This metric provides critical insight into the Fed's liquidity management and short-term financial market stability.

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 purchases securities with an agreement to resell them at a slightly higher price. Economists closely monitor these transactions as a key indicator of monetary policy implementation and banking system liquidity.

Methodology

Data is collected through direct reporting from Federal Reserve trading desk transactions and compiled using standardized financial reporting protocols.

Historical Context

This trend is used to assess monetary policy effectiveness, manage short-term interest rates, and provide temporary liquidity to financial markets during periods of economic stress.

Key Facts

  • Repo agreements are typically very short-term, often overnight or within a few days
  • They help the Federal Reserve manage banking system liquidity and short-term interest rates
  • Total transaction volumes can indicate market stress or monetary policy adjustments

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 functioning as a collateralized loan.

Q: Why do central banks use repo markets?

A: Central banks use repo markets to manage banking system liquidity, control short-term interest rates, and provide temporary financial support during market fluctuations.

Q: How frequently is RPONTTLD data updated?

A: The RPONTTLD data is typically updated daily, reflecting the most recent Federal Reserve open market operations and short-term securities transactions.

Q: What does a high repo transaction volume indicate?

A: A high volume of repo transactions can signal increased market liquidity needs, potential financial stress, or active monetary policy intervention.

Q: Are repo agreements risk-free?

A: While generally considered low-risk due to collateralization, repo agreements still carry some counterparty and market value fluctuation risks.

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Citation

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

Last Checked: 8/1/2025

Overnight Repurchase Agreements: Total Securities Purchased by the Federal Reserve in the Temporary Open Market Operations | US Economic Trends