Term Repurchase Agreements: Treasury Securities Purchased by the Federal Reserve in the Temporary Open Market Operations
RPTMTSYD • 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
Term repurchase agreements (repos) represent short-term borrowing transactions where the Federal Reserve purchases Treasury securities with an agreement to resell them later. This mechanism allows the Fed to manage liquidity, control short-term interest rates, and implement monetary policy effectively.
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
These temporary open market operations enable the Federal Reserve to inject or withdraw funds from the banking system quickly and precisely. Economists closely monitor repo transactions as they provide insights into market liquidity, financial system stress, and monetary policy implementation.
Methodology
Data is collected through direct reporting from Federal Reserve transactions, tracking the volume, duration, and terms of Treasury securities purchased in temporary repurchase agreements.
Historical Context
Repo data is crucial for understanding short-term credit markets, assessing monetary policy transmission, and evaluating overall financial system stability.
Key Facts
- Repos are critical short-term funding mechanisms in financial markets
- They allow rapid adjustment of money supply and interest rates
- Transaction volumes can indicate financial market stress or stability
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.
Q: Why do central banks use repos?
A: Central banks use repos to manage liquidity, control short-term interest rates, and provide temporary funding to financial institutions.
Q: How frequently is RPTMTSYD data updated?
A: The data is typically updated daily, reflecting the dynamic nature of short-term financial market transactions.
Q: What do changes in repo volumes indicate?
A: Significant changes in repo volumes can signal shifts in market liquidity, financial stress, or monetary policy expectations.
Q: Are repos risky for financial institutions?
A: When properly managed, repos are generally low-risk transactions secured by high-quality collateral like Treasury securities.
Related Trends
Assets: Liquidity and Credit Facilities: Loans: Primary Credit: Wednesday Level
WLCFLPCL
Resources and Assets: Bills Discounted: Bills Discounted and Loans Within 30 Days
RABDL30D
Liabilities and Capital: Liabilities: Deposits with F.R. Banks, Other Than Reserve Balances: Foreign Official: Change in Wednesday Level from Year Ago Level
RESPPLLDFXCH52NWW
Liabilities and Capital: Capital: Other Capital Accounts: Change in Wednesday Level from Year Ago Level
RESPPLCUXCH52NWW
Resources and Assets: Investment Portfolios Arising from the Great Recession: Net Portfolio Holdings of TALF LLC
RAIPGRNPTALF
Assets: Other Factors Supplying Reserve Balances: Reserve Bank Credit: Wednesday Level
WOFSRBRBC
Citation
U.S. Federal Reserve, Term Repurchase Agreements: Treasury Securities Purchased by the Federal Reserve in the Temporary Open Market Operations [RPTMTSYD], retrieved from FRED.
Last Checked: 8/1/2025