Overnight Reverse Repurchase Agreements: Federal Agency Securities Sold by the Federal Reserve in the Temporary Open Market Operations
RRPONAGYD • 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
The Overnight Reverse Repurchase Agreements (RRPONAGYD) track the Federal Reserve's temporary securities transactions used to manage short-term liquidity in financial markets. This metric provides critical insight into monetary policy implementation and banking system cash management.
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 represents the daily volume of reverse repurchase agreements where the Federal Reserve sells securities with an agreement to repurchase them at a slightly higher price. Economists use this data to understand short-term market liquidity, monetary policy effectiveness, and banking system cash dynamics.
Methodology
The data is collected daily by the Federal Reserve, measuring the total dollar value of overnight reverse repurchase transactions with primary dealers and other financial institutions.
Historical Context
This metric is crucial for analyzing monetary policy transmission, assessing market liquidity conditions, and understanding the Federal Reserve's balance sheet management strategies.
Key Facts
- Represents daily volume of temporary securities transactions by the Federal Reserve
- Helps manage short-term market liquidity and interest rates
- Provides insights into banking system cash management strategies
FAQs
Q: What is a reverse repurchase agreement?
A: A reverse repurchase agreement is a transaction where the Federal Reserve sells securities to financial institutions with an agreement to buy them back at a predetermined price, effectively providing short-term liquidity.
Q: Why does the Federal Reserve use reverse repurchase agreements?
A: These agreements help the Fed manage short-term interest rates, control money supply, and maintain financial market stability by adjusting banking system liquidity.
Q: How often is the RRPONAGYD data updated?
A: The data is typically updated daily, reflecting the most recent overnight reverse repurchase transactions conducted by the Federal Reserve.
Q: How do reverse repurchase agreements impact monetary policy?
A: They provide the Federal Reserve with a flexible tool to implement monetary policy by influencing short-term interest rates and managing banking system liquidity.
Q: What are the limitations of this economic indicator?
A: The data represents a snapshot of daily transactions and should be analyzed in conjunction with other monetary and financial market indicators for comprehensive insights.
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Citation
U.S. Federal Reserve, Overnight Reverse Repurchase Agreements: Federal Agency Securities Sold by the Federal Reserve in the Temporary Open Market Operations [RRPONAGYD], retrieved from FRED.
Last Checked: 8/1/2025