FRB: Annual Report 2005, Statistical Table 1: Federal Reserve Open Market Transactions, 2005

1) Federal Reserve Open Market Transactions, 2005
Millions of dollars
Type of security and transaction	Jan	Feb	Mar	Apr	May	June	July	Aug	Sept	Oct	Nov	Dec	Total
U.S. Treasury Securities¹
Outright transactions²
Treasury bills
Gross purchases	0	35	0	0	1,760	250	0	2,751	1,992	1,023	489	0	8,300
Gross sales	0	0	0	0	0	0	0	0	0	0	0	0	0
Exchanges	62,448	66,741	78,822	63,637	70,894	91,408	68,438	66,899	87,522	68,397	65,570	80,886	871,661
For new bills	62,448	66,741	78,822	63,637	70,894	91,408	68,438	66,899	87,522	68,397	65,570	80,886	871,661
Redemptions	0	0	0	0	0	0	0	0	0	0	0	0	0

Others within 1 year
Gross purchases	0	0	0	0	0	0	0	1,298	0	500	1,096	0	2,894
Gross sales	0	0	0	0	0	0	0	0	0	0	0	0	0
Maturity shifts	6,928	2,989	8,334	0	23,149	7,997	0	26,261	7,999	11,700	14,200	0	109,557
Exchanges	-8,000	-12,710	-8,000	0	-26,036	-6,667	0	-18,253	-6,585	-6,551	-15,297	0	-108,098
Redemptions	0	333	211	0	0	1,305	0	757	0	0	189	0	2,795

1 to 5 years
Gross purchases	0	0	0	1,200	2,295	0	0	1,390	3,635	1,693	1,096	0	11,309
Gross sales	0	0	0	0	0	0	0	0	0	0	0	0	0
Maturity shifts	-6,928	3,180	-8,334	0	-19,402	-7,997	0	-20,702	-7,999	-11,700	-11,240	0	-91,121
Exchanges	5,000	11,498	8,000	0	23,565	6,667	0	16,781	6,585	6,551	13,077	0	97,723

5 to 10 years
Gross purchases	0	0	0	470	898	340	0	988	130	0	800	0	3,626
Gross sales	0	0	0	0	0	0	0	0	0	0	0	0	0
Maturity shifts	0	-3,112	0	0	-1,277	0	0	-2,919	0	0	266	0	-7,041
Exchanges	0	1,212	0	0	2,471	0	0	1,472	0	0	2,221	0	7,375

More than 10 years
Gross purchases	0	0	0	230	0	785	0	0	90	902	0	0	2,007
Gross sales	0	0	0	0	0	0	0	0	0	0	0	0	0
Maturity shifts	0	-3,058	0	0	-2,471	0	0	-2,640	0	0	-3,227	0	-11,395
Exchanges	3,000	0	0	0	0	0	0	0	0	0	0	0	3,000

All maturities
Gross purchases	0	35	0	1,900	4,953	1,375	0	6,427	5,847	4,118	3,481	0	28,136
Gross sales	0	0	0	0	0	0	0	0	0	0	0	0	0
Redemptions	0	333	211	0	0	1,305	0	757	0	0	189	0	2,795

Net change in U.S. Treasury securities	0	-298	-211	1,900	4,953	70	0	5,670	5,847	4,118	3,292	0	25,341

Federal Agency Obligations
Outright transactions²
Gross purchases	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross sales	0	0	0	0	0	0	0	0	0	0	0	0	0
Redemptions	0	0	0	0	0	0	0	0	0	0	0	0	0

Net change in federal agency obligations	0	0	0	0	0	0	0	0	0	0	0	0	0

Temporary Transactions
Repurchase agreements³
Gross purchases	148,500	125,250	201,500	163,500	186,250	173,250	201,750	200,750	187,300	145,250	140,750	223,000	2,097,050
Gross sales	152,750	120,250	204,250	167,000	179,000	173,500	200,750	200,750	197,050	147,000	129,500	211,500	2,083,300

Reverse repurchase agreements⁴
Gross purchases	563,559	490,482	581,322	505,211	547,538	526,972	531,351	555,779	523,085	509,449	505,101	584,950	6,424,797
Gross sales	559,501	488,781	580,402	507,649	546,380	527,769	532,647	554,786	523,518	508,709	508,976	585,400	6,424,519

Net change in temporary transactions	-193	6,700	-1,831	-5,938	8,408	-1,047	-297	993	-10,183	-1,010	7,375	11,050	14,028

Total net change in System Open Market Account	-193	6,402	-2,041	-4,038	13,361	-977	-297	6,662	-4,336	3,108	10,667	11,050	39,369

Note: Sales, redemptions, and negative figures reduce holdings of the System Open Market Account; all other figures increase such holdings. Components may not sum to totals because of rounding.

1. Transactions exclude changes in compensation for the effects of inflation on the principal of inflation-indexed securities. Transactions include the rollover of inflation compensation into new securities. Return to table

2. Excludes the effect of temporary transactions--repurchase agreements, matched sale-purchase agreements (MSPs), and reverse repurchase agreements (RRPs). Return to table

3. Cash value of agreements, which are collateralized by U.S. government and federal agency securities. Return to table

4. Cash value of agreements, which are collateralized by U.S. Treasury securities. Return to table

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