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FRED Adds 24 Repos and Reverse Repos Series

FRED has added 24 daily aggregates of the repurchase agreements and reverse repurchase agreements from the New York Fed. The data are broken down by the type of securities (Treasury securities, federal agency securities, and mortgage-backed securities) and by the term of the agreement (overnight and term).

The New York Fed under the authorization and direction of the Federal Open Market Committee conducts temporary open market operations. These 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 buys a security from an eligible counterparty under an agreement to resell that security in the future. A reverse repurchase agreement (known as reverse repo or RRP) is a transaction in which the New York Fed 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.

Posted in FRED Announcements