Reverse Repurchase Agreements: Total Securities Sold by the Federal Reserve in the Temporary Open Market Operations
RRPTTLD • 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
Reverse Repurchase Agreements (RRPs) represent a critical monetary policy tool used by the Federal Reserve to manage liquidity in financial markets. This metric tracks the total volume of securities temporarily sold by the Fed to financial institutions, helping to control short-term interest rates and manage excess cash in the banking 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 are short-term transactions where the Federal Reserve sells securities with an agreement to repurchase them at a later date, effectively functioning as a temporary loan mechanism. Economists closely monitor this trend as an indicator of market liquidity, monetary policy stance, and overall financial system stability.
Methodology
The data is collected directly by the Federal Reserve through its open market operations, tracking the total dollar value of securities sold in these temporary transactions.
Historical Context
This metric is crucial for understanding monetary policy implementation, short-term interest rate management, and overall financial market liquidity conditions.
Key Facts
- RRPs help the Fed manage excess cash in the banking system
- These agreements are a flexible tool for short-term interest rate control
- The volume of RRPs can indicate broader economic and monetary policy conditions
FAQs
Q: What are Reverse Repurchase Agreements?
A: RRPs are short-term financial transactions where the Federal Reserve sells securities to banks with an agreement to buy them back later, helping to manage market liquidity.
Q: Why does the Federal Reserve use RRPs?
A: RRPs help the Fed control short-term interest rates and manage excess cash in the financial system, providing a flexible monetary policy tool.
Q: How are RRPTTLD values calculated?
A: The RRPTTLD metric represents the total dollar value of securities temporarily sold by the Federal Reserve in its open market operations.
Q: What do changes in RRP volumes indicate?
A: Fluctuations in RRP volumes can signal shifts in market liquidity, banking system cash levels, and the Federal Reserve's monetary policy approach.
Q: How often is this data updated?
A: The RRPTTLD data is typically updated frequently, often daily, to reflect the most current market conditions and Federal Reserve actions.
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Citation
U.S. Federal Reserve, Reverse Repurchase Agreements: Total Securities Sold by the Federal Reserve in the Temporary Open Market Operations [RRPTTLD], retrieved from FRED.
Last Checked: 8/1/2025