Term Reverse Repurchase Agreements: Treasury Securities Sold by the Federal Reserve in the Temporary Open Market Operations

RRPTMTSYD • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

9.58

Year-over-Year Change

8684.40%

Date Range

11/13/2017 - 4/1/2021

Summary

Term Reverse Repurchase Agreements (RRPs) measure the volume of Treasury securities temporarily sold by the Federal Reserve as a monetary policy tool. This metric helps economists and policymakers understand short-term liquidity management and financial market conditions.

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 bank reserves and control short-term interest rates. These transactions allow the Fed to fine-tune monetary policy by temporarily removing liquidity from the financial system.

Methodology

Data is collected through the Federal Reserve's daily reporting of temporary open market operations involving Treasury securities.

Historical Context

This trend is critical for analyzing monetary policy implementation, short-term interest rate management, and overall financial market stability.

Key Facts

  • RRPs help the Federal Reserve manage excess bank reserves
  • These agreements are temporary short-term financial transactions
  • They play a crucial role in implementing monetary policy objectives

FAQs

Q: What are Reverse Repurchase Agreements?

A: Reverse Repurchase Agreements are financial transactions where the Federal Reserve sells Treasury securities with an agreement to repurchase them at a later date, effectively removing temporary liquidity from the financial system.

Q: Why does the Federal Reserve use RRPs?

A: RRPs help the Fed control short-term interest rates and manage excess bank reserves, which is crucial for implementing monetary policy and maintaining financial market stability.

Q: How are RRPTMTSYD values calculated?

A: The values are calculated based on the total volume of Treasury securities temporarily sold by the Federal Reserve in daily open market operations.

Q: What does this trend indicate about monetary policy?

A: High RRP volumes can signal the Fed's efforts to manage liquidity, control interest rates, and respond to changing economic conditions.

Q: How frequently is this data updated?

A: The RRPTMTSYD data is typically updated daily, reflecting the Federal Reserve's ongoing monetary policy operations.

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Citation

U.S. Federal Reserve, Term Reverse Repurchase Agreements: Treasury Securities Sold by the Federal Reserve in the Temporary Open Market Operations [RRPTMTSYD], retrieved from FRED.

Last Checked: 8/1/2025