FRED Graph

Source: Federal Reserve Bank of New York  

Release: Temporary Open Market Operations  

Units:  Percent, Not Seasonally Adjusted

Frequency:  Daily

The rate set by the FOMC for Standing Repo (SRP) operations transactions reported by the New York Fed as part of the Temporary Open Market Operations.

Temporary open market operations involve short-term repurchase and reverse repurchase agreements that are designed to temporarily add or drain reserves available to the banking system and influence day-to-day trading in the federal funds market.

A repurchase agreement (known as repo) is a transaction in which the New York Fed under the authorization and direction of the Federal Open Market Committee buys a security to an eligible counterparty with an agreement to resell that same security at a specified price at a specific time in the future. For these transactions, eligible securities include U.S. Treasury securities, agency debt securities, and agency mortgage-backed securities.

See FAQs for more information.

Source: Federal Reserve Bank of New York  

Release: Tri-Party General Collateral Rate Data  

Units:  Percent, Not Seasonally Adjusted

Frequency:  Daily

The tri-party general collateral rate (TGCR) is a measure of rates on overnight, specific-counterparty tri-party general collateral repurchase agreement (repo) transactions secured by Treasury securities. General collateral repo transactions are those for which the specific securities provided as collateral are not identified until after other terms of the trade are agreed.

The TGCR is reported by the New York Fed. It is calculated as a volume-weighted median of transaction-level tri-party repo data collected from the Bank of New York Mellon only. This rate excludes general collateral finance repo transactions and transactions to which the Federal Reserve is a counterparty.

For more information on the TGCR's methodology and publication schedule, see the Additional Information about Reference Rates Administered by the New York Fed.