Term Repurchase Agreements: Mortgage-Backed Securities Purchased by the Federal Reserve in the Temporary Open Market Operations

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

Latest Value

0.02

Year-over-Year Change

N/A%

Date Range

12/1/2020 - 9/24/2024

Summary

This economic indicator tracks the volume of mortgage-backed securities temporarily purchased by the Federal Reserve through repurchase agreements. These transactions are critical for managing short-term liquidity and supporting monetary policy objectives.

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

Term repurchase agreements represent a key monetary policy tool where the Federal Reserve purchases mortgage-backed securities with an agreement to resell them at a future date. Economists closely monitor these transactions as they provide insights into market liquidity, financial system stability, and the Fed's intervention strategies.

Methodology

Data is collected through the Federal Reserve's open market operations, tracking the volume and terms of temporary securities purchases.

Historical Context

This metric is used to assess monetary policy implementation, financial market conditions, and the Federal Reserve's balance sheet management.

Key Facts

  • Represents temporary securities transactions by the Federal Reserve
  • Helps manage short-term market liquidity
  • Provides insight into monetary policy implementation

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 does the Federal Reserve use these agreements?

A: The Fed uses these agreements to manage money supply, control short-term interest rates, and provide liquidity to financial markets.

Q: How often is this data updated?

A: The data is typically updated frequently, often daily or weekly, reflecting the dynamic nature of monetary operations.

Q: What impact do these agreements have on the economy?

A: These agreements help stabilize financial markets, manage interest rates, and support overall economic monetary policy objectives.

Q: Are there limitations to interpreting this data?

A: Interpretation requires understanding broader economic context, Federal Reserve strategies, and current market conditions.

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Citation

U.S. Federal Reserve, Term Repurchase Agreements: Mortgage-Backed Securities Purchased by the Federal Reserve in the Temporary Open Market Operations [RPTMMBSD], retrieved from FRED.

Last Checked: 8/1/2025