Overnight Reverse Repurchase Agreements: Treasury Securities Sold by the Federal Reserve in the Temporary Open Market Operations
RRPONTSYD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.96
Year-over-Year Change
-60.30%
Date Range
10/8/2021 - 8/7/2025
Summary
The Overnight Reverse Repurchase Agreements (RRPONTSYD) measure the total value of Treasury securities temporarily sold by the Federal Reserve to financial institutions as a monetary policy tool. This metric is crucial for understanding short-term liquidity management and interest rate control in the U.S. 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 manage excess cash in the banking system and influence short-term interest rates. Economists closely monitor these agreements as they provide insights into monetary policy implementation and financial market liquidity conditions.
Methodology
The data is collected daily by the Federal Reserve, tracking the total dollar value of overnight reverse repurchase agreements with primary dealers and other financial institutions.
Historical Context
This metric is used by policymakers to fine-tune monetary policy, manage market liquidity, and implement effective interest rate strategies.
Key Facts
- Helps manage excess liquidity in the financial system
- Provides a tool for short-term interest rate control
- Reflects the Federal Reserve's active market management strategy
FAQs
Q: What are Overnight Reverse Repurchase Agreements?
A: These are short-term financial transactions where the Federal Reserve sells Treasury securities to banks with an agreement to repurchase them the next day, helping to manage market liquidity.
Q: Why does the Federal Reserve use these agreements?
A: They help control short-term interest rates and manage excess cash in the banking system, providing a precise tool for monetary policy implementation.
Q: How often is the RRPONTSYD data updated?
A: The data is typically updated daily, reflecting the most current overnight reverse repurchase agreement transactions in the financial market.
Q: How do these agreements impact financial markets?
A: They help stabilize short-term interest rates and provide a mechanism for managing liquidity, which can influence broader economic conditions.
Q: What are the limitations of this data?
A: The metric represents a snapshot of daily transactions and may not capture long-term trends or comprehensive market conditions.
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Citation
U.S. Federal Reserve, Overnight Reverse Repurchase Agreements: Treasury Securities Sold by the Federal Reserve in the Temporary Open Market Operations [RRPONTSYD], retrieved from FRED.
Last Checked: 8/1/2025