Reverse Repurchase Agreements: Federal Agency Securities Sold by the Federal Reserve in the Temporary Open Market Operations
RRPAGYD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
11/26/2018 - 1/25/2021
Summary
Reverse Repurchase Agreements (RRPs) represent a critical monetary policy tool used by the Federal Reserve to manage short-term liquidity in financial markets. This metric tracks the temporary sale of federal agency securities with an agreement to repurchase them at a later date, helping to control money supply and interest rates.
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
RRPs are a key mechanism for the Federal Reserve to fine-tune monetary conditions and manage excess bank reserves in the financial system. Economists closely monitor these agreements as they provide insights into market liquidity, short-term interest rate dynamics, and the Fed's monetary policy stance.
Methodology
Data is collected through the Federal Reserve's daily reporting of temporary securities transactions with primary dealers and other financial institutions.
Historical Context
This metric is used in macroeconomic analysis to assess monetary policy effectiveness, market liquidity, and short-term financial market conditions.
Key Facts
- RRPs help the Federal Reserve manage short-term interest rates
- They provide a mechanism for absorbing excess liquidity in the financial system
- The volume of RRPs can indicate market conditions and monetary policy stance
FAQs
Q: What are Reverse Repurchase Agreements?
A: RRPs are temporary securities transactions where the Federal Reserve sells securities with an agreement to buy them back later, helping to manage market liquidity and interest rates.
Q: Why does the Federal Reserve use RRPs?
A: RRPs allow the Fed to control short-term interest rates and manage excess reserves in the banking system, providing a flexible monetary policy tool.
Q: How are RRPAGYD values calculated?
A: The value is calculated based on the total dollar amount of federal agency securities temporarily sold by the Federal Reserve in open market operations.
Q: What do changes in RRP volumes indicate?
A: Fluctuations in RRP volumes can signal changes in market liquidity, banking system conditions, and the Federal Reserve's monetary policy approach.
Q: How often is this data updated?
A: The RRPAGYD data is typically updated daily, reflecting the dynamic nature of the Federal Reserve's open market operations.
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Related Trends
Assets: Liquidity and Credit Facilities: Net Portfolio Holdings of MS Facilities 2020 LLC (Main Street Lending Program): Change in Week Average from Previous Week Average
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Liabilities and Capital: Other Factors Draining Reserve Balances: Deposits with F.R. Banks, Other Than Reserve Balances: Wednesday Level
WOFDRBORBL
Assets: Liquidity and Credit Facilities: Loans: Secondary Credit: Week Average
WSC
Assets: Other Factors Supplying Reserve Balances: Foreign Currency Denominated Assets: Change in Week Average from Previous Week Average
RESPPAOFXAWXCH1NWW
Assets : Securities Held Outright: Commercial Mortgage-Backed Securities: Wednesday Level
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Liabilities and Capital: Liabilities: Notes Held by F.R. Banks (Netted from Federal Reserve Notes Outstanding): Wednesday Level
RESPPLLNHNWW
Citation
U.S. Federal Reserve, Reverse Repurchase Agreements: Federal Agency Securities Sold by the Federal Reserve in the Temporary Open Market Operations [RRPAGYD], retrieved from FRED.
Last Checked: 8/1/2025