Overnight Reverse Repurchase Agreements: Offering Rate (RRPONTSYOFFR)

Source: Federal Reserve Bank of New York  

Release: Temporary Open Market Operations  

Units:  Percent, 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 reverse repurchase agreement (known as reverse repo or RRP) is a transaction in which the New York Fed under the authorization and direction of the Federal Open Market Committee sells a security to an eligible counterparty with an agreement to repurchase that same security at a specified price at a specific time in the future. For these transactions, eligible securities are U.S. Treasury instruments.

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