Term Reverse Repurchase Agreements: Total Securities Sold by the Federal Reserve in the Temporary Open Market Operations
RRPTMTTLD • 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 total volume of securities temporarily sold by the Federal Reserve as part of monetary policy operations. This metric provides critical insight into short-term liquidity management and the Fed's efforts to control money supply and interest rates.
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 monetary policy tool where the Federal Reserve sells securities with an agreement to repurchase them later, effectively managing bank reserves and short-term lending markets. Economists closely monitor these transactions as they signal the central bank's stance on liquidity and potential inflationary pressures.
Methodology
The data is collected directly from Federal Reserve transaction records, tracking the total dollar value of securities sold in temporary open market operations.
Historical Context
This metric is used by policymakers, financial analysts, and investors to assess monetary policy implementation and short-term financial market conditions.
Key Facts
- RRPs help the Fed manage excess bank reserves
- These agreements are typically short-term, ranging from overnight to several weeks
- The volume of RRPs can indicate market liquidity and monetary policy tightness
FAQs
Q: What are Reverse Repurchase Agreements?
A: Reverse Repurchase Agreements are financial transactions where the Federal Reserve sells securities to banks with an agreement to buy them back later, effectively managing short-term liquidity in the financial system.
Q: Why does the Federal Reserve use RRPs?
A: RRPs help the Fed control interest rates, manage bank reserves, and implement monetary policy by providing a mechanism to adjust short-term market liquidity.
Q: How are RRPTMTTLD values calculated?
A: The RRPTMTTLD value represents the total dollar amount of securities sold by the Federal Reserve in temporary open market operations, calculated from direct transaction records.
Q: What do high RRP volumes indicate?
A: High RRP volumes can suggest excess liquidity in the banking system, potential monetary policy tightening, or efforts to manage short-term interest rates.
Q: How often is this data updated?
A: The RRPTMTTLD data is typically updated frequently, often daily, reflecting the dynamic nature of Federal Reserve monetary operations.
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Citation
U.S. Federal Reserve, Term Reverse Repurchase Agreements: Total Securities Sold by the Federal Reserve in the Temporary Open Market Operations [RRPTMTTLD], retrieved from FRED.
Last Checked: 8/1/2025