Overnight Reverse Repurchase Agreements Award Rate: Treasury Securities Sold by the Federal Reserve in the Temporary Open Market Operations
RRPONTSYAWARD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.25
Year-over-Year Change
0.00%
Date Range
10/8/2021 - 8/7/2025
Summary
The Overnight Reverse Repurchase Agreements Award Rate tracks the interest rate at which the Federal Reserve sells Treasury securities in temporary open market operations. This metric is a critical tool for managing short-term liquidity and implementing monetary policy in the financial system.
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 trend represents a key mechanism for the Federal Reserve to control excess cash in the banking system and influence short-term interest rates. Economists closely monitor this rate as an indicator of monetary policy stance and financial market liquidity conditions.
Methodology
The data is collected daily by the Federal Reserve through its temporary open market operations, calculating the weighted average interest rate for overnight reverse repurchase agreements.
Historical Context
This rate is used by policymakers to manage financial system liquidity, control short-term interest rates, and implement broader monetary policy strategies.
Key Facts
- Represents the interest rate for short-term Treasury security sales
- Used as a tool to manage excess banking system liquidity
- Updated daily by the Federal Reserve
FAQs
Q: What does the RRPONTSYAWARD rate indicate?
A: It shows the interest rate for overnight reverse repurchase agreements, reflecting the Federal Reserve's short-term monetary policy implementation.
Q: How often is this rate updated?
A: The rate is calculated and updated daily by the Federal Reserve during its temporary open market operations.
Q: Why is this rate important for investors?
A: It provides insights into short-term liquidity conditions and potential shifts in monetary policy that can impact financial markets.
Q: How does this rate affect banking operations?
A: It helps banks manage excess reserves and provides a benchmark for short-term lending and investment strategies.
Q: What are the limitations of this data?
A: The rate represents a specific daily snapshot and should be analyzed in conjunction with other monetary policy indicators for comprehensive insights.
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Overnight Repurchase Agreements: Treasury Securities Purchased by the Federal Reserve in the Temporary Open Market Operations
RPONTSYD
Citation
U.S. Federal Reserve, Overnight Reverse Repurchase Agreements Award Rate: Treasury Securities Sold by the Federal Reserve in the Temporary Open Market Operations [RRPONTSYAWARD], retrieved from FRED.
Last Checked: 8/1/2025