Temporary Open Market Operations

To implement monetary policy, short-term repurchase and reverse repurchase agreements are used to temporarily affect the size of the Federal Reserve System's portfolio and influence day-to-day trading in the federal funds market.

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Temporary Open Market Operations for December 22, 2014
Last Updated: December 22, 2014 1:20 PM
Number of Operations Today: 2

See announcement from December 12, 2014. There were 26 bids submitted and 26 bids accepted in today's operation.

Deal Date: Monday, December 22, 2014
Delivery Date: Monday, December 22, 2014
Maturity Date: Tuesday, December 23, 2014
Type of Operation1: Reverse Repo
Auction Method: Fixed-Rate
Settlement: Same Day
Term of Operation2: 1 Day
Operation Close Time: 01:15 PM

Results Amount ($B) Rate (%)
Collateral Type   Submitted Accepted   Award5  High   Low  
Treasury 59.159 59.159 0.05 N/A N/A
 
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See announcement from December 1, 2014. In today's operation there were 49 participants and 49 received awards.

Deal Date: Monday, December 22, 2014
Delivery Date: Monday, December 22, 2014
Maturity Date: Monday, January 05, 2015
Type of Operation1: Reverse Repo
Auction Method: Single Price
Settlement: Same Day
Term of Operation2: 14 Days
Operation Close Time: 10:00 AM

Results Amount ($B) Rate (%)
Collateral Type   Submitted Accepted   Award5  High   Low  
Treasury 49.500 49.500 0.10 0.10 0.02
 
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1 Repo = Repurchase Agreement. Reverse RP = Reverse Repurchase Agreement. MSP = Matched Sale Purchase (replaced by Reverse RPs in December 2002).


2 Calendar day count (as opposed to business day count) between Delivery and Maturity dates. Repurchase Agreements may be anywhere from overnight to 65 business days.


3 For Repo, Stop Out Rate is the lowest rate accepted. For Reverse Repo, the Stop Out Rate is the highest rate accepted.


4 Weighted Average refers to the weighted average rate of the accepted propositions.


5 Award rate is rate given to all awarded propositions for the collateral type.