Overnight Reverse Repurchase Agreements: Total Securities Sold by the Federal Reserve in the Temporary Open Market Operations
RRPONTTLD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.97
Year-over-Year Change
-56.96%
Date Range
10/7/2021 - 8/6/2025
Summary
The Overnight Reverse Repurchase Agreements (RRPs) measure the total volume of securities temporarily sold by the Federal Reserve to financial institutions as a monetary policy tool. This metric is crucial for managing short-term liquidity and controlling interest rates 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
RRPs represent a key mechanism for the Federal Reserve to manage excess cash in the banking system and implement monetary policy objectives. Economists closely monitor these agreements as they provide insights into market liquidity, short-term interest rate dynamics, and overall financial system stability.
Methodology
The data is collected daily by the Federal Reserve, tracking the total dollar value of securities temporarily sold to financial institutions through overnight reverse repurchase agreements.
Historical Context
This metric is used by policymakers to fine-tune monetary policy, manage market liquidity, and signal the Federal Reserve's stance on short-term interest rates.
Key Facts
- RRPs help the Federal Reserve manage excess cash in the financial system
- These agreements provide a mechanism for short-term cash management
- The volume of RRPs can indicate market liquidity and monetary policy stance
FAQs
Q: What are Overnight Reverse Repurchase Agreements?
A: Overnight Reverse Repurchase Agreements are short-term financial transactions where the Federal Reserve sells securities to financial institutions with an agreement to repurchase them the next day, helping to manage market liquidity.
Q: Why do financial institutions participate in RRPs?
A: Financial institutions use RRPs to earn a small, low-risk return on excess cash and help manage their short-term liquidity needs while supporting overall financial system stability.
Q: How does the RRPONTTLD data series work?
A: The RRPONTTLD series tracks the total dollar value of securities sold by the Federal Reserve through overnight reverse repurchase agreements, updated daily to reflect current market conditions.
Q: How do RRPs impact monetary policy?
A: RRPs allow the Federal Reserve to implement monetary policy by controlling short-term interest rates and managing excess liquidity in the financial system.
Q: How often is the RRPONTTLD data updated?
A: The RRPONTTLD data is typically updated daily, providing real-time insights into the Federal Reserve's temporary open market operations and financial market liquidity.
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Related Trends
Term Repurchase Agreements: Federal Agency Securities Purchased by the Federal Reserve in the Temporary Open Market Operations
RPTMAGYD
Liabilities and Capital: Capital: Other Capital Accounts: Change in Wednesday Level from Previous Wednesday Level
RESPPLCUXCH1NWW
Assets: Liquidity and Credit Facilities: Loans: Seasonal Credit: Change in Week Average from Year Ago Week Average
RESPPALDSXAWXCH52NWW
Assets: Other Factors Supplying Reserve Balances: Foreign Currency Denominated Assets: Change in Wednesday Level from Year Ago Level
RESPPAOFXCH52NWW
Overnight Reverse Repurchase Agreements Award Rate: Treasury Securities Sold by the Federal Reserve in the Temporary Open Market Operations
RRPONTSYAWARD
Liabilities and Capital: Liabilities: Reverse Repurchase Agreements: Foreign Official and International Accounts: Change in Week Average from Year Ago Week Average
RESPPLLRFXAWXCH52NWW
Citation
U.S. Federal Reserve, Overnight Reverse Repurchase Agreements: Total Securities Sold by the Federal Reserve in the Temporary Open Market Operations [RRPONTTLD], retrieved from FRED.
Last Checked: 8/1/2025