Overnight Repurchase Agreements: Amount of Treasury Securities Submitted (RPONTSYSAD)

Source: Federal Reserve Bank of New York  

Release: Temporary Open Market Operations  

Units:  Billions of US Dollars, Not Seasonally Adjusted

Frequency:  Daily

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 or RP) is a transaction in which the New York Fed under the authorization and direction of the Federal Open Maker Committee buys a security from an eligible counterparty under an agreement to resell that security in the future. For these transactions, eligible securities are U.S. Treasury instruments, federal agency debt and the mortgage-backed securities issued or fully guaranteed by federal agencies.

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