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

RPTSYD • 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

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

Repos are critical short-term funding mechanisms in financial markets that help central banks regulate money supply and banking system liquidity. Economists closely monitor these transactions as indicators of financial market stress, monetary policy implementation, and overall economic stability.

Methodology

Data is collected through direct reporting from Federal Reserve transactions and financial institutions participating in open market operations.

Historical Context

These agreements are used to fine-tune monetary policy, manage banking system reserves, and provide short-term financial market liquidity.

Key Facts

  • Repos are typically very short-term, often overnight or within a few days
  • They help the Federal Reserve manage banking system liquidity
  • Repo rates can indicate financial market stress and monetary policy conditions

FAQs

Q: What is a repurchase agreement?

A: A repurchase agreement is a short-term transaction 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 money supply, control short-term interest rates, and provide temporary liquidity to financial markets.

Q: How are repo rates calculated?

A: Repo rates are determined by supply and demand in the financial markets, influenced by factors like monetary policy, economic conditions, and market liquidity.

Q: What do changes in repo transactions indicate?

A: Changes in repo transactions can signal shifts in monetary policy, banking system liquidity, and overall financial market conditions.

Q: How often is RPTSYD data updated?

A: The RPTSYD data is typically updated daily or weekly, reflecting the frequent nature of repurchase agreement transactions.

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Citation

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

Last Checked: 8/1/2025

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