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

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

Latest Value

0.06

Year-over-Year Change

N/A%

Date Range

12/1/2020 - 9/24/2024

Summary

Term Repurchase Agreements (Repos) represent a critical short-term funding mechanism where the Federal Reserve temporarily purchases securities from financial institutions to manage liquidity and monetary policy. This trend tracks the total volume of securities purchased during these temporary open market operations, providing insight into the Fed's monetary intervention strategies.

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 measures the Federal Reserve's short-term securities transactions designed to inject or withdraw liquidity from the financial system. Economists closely monitor these transactions as a real-time indicator of monetary policy implementation and financial market stress.

Methodology

Data is collected directly by the Federal Reserve through its open market trading desk, tracking the total dollar value of securities purchased in temporary repurchase agreements.

Historical Context

This metric is crucial for understanding short-term monetary policy adjustments, market liquidity conditions, and the Federal Reserve's immediate economic interventions.

Key Facts

  • Repos are typically very short-term transactions, often overnight or within a few days
  • They help the Fed manage banking system liquidity and implement monetary policy
  • The volume can indicate financial market stress or stability

FAQs

Q: What are repurchase agreements?

A: Repurchase agreements are short-term financial transactions where one party sells securities to another with an agreement to buy them back later at a slightly higher price.

Q: Why do central banks use repos?

A: Central banks use repos to manage short-term interest rates, control money supply, and provide temporary liquidity to the financial system.

Q: How often is RPTMTTLD data updated?

A: The data is typically updated daily during trading days, reflecting the most recent temporary open market operations.

Q: What do changes in repo volumes indicate?

A: Significant changes in repo volumes can signal shifts in monetary policy, banking system liquidity, or potential financial market stress.

Q: Are repos risky for financial institutions?

A: Repos are generally considered low-risk because they are short-term and backed by high-quality collateral, typically government securities.

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Citation

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

Last Checked: 8/1/2025