1. Federal Reserve Open Market Transactions, 2007

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	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
Exchanges	66,169	70,706	88,466	76,560	94,858	62,340	72,690	75,502	62,083	62,143	83,590	24,580	839,687
For new bills	66,169	70,706	88,466	76,560	94,858	62,340	72,690	75,502	62,083	62,143	83,590	24,580	839,687
Redemptions	0	0	0	0	0	0	0	10,000	0	0	0	39,178	49,178
Others within 1 year
Gross purchases	0	817	0	1,394	0	0	0	0	0	0	0	0	2,211
Gross sales	0	0	0	0	0	0	0	0	0	0	0	0	0
Maturity shifts	0	0	0	0	0	0	0	0	0	0	0	0	0
Exchanges	0	0	0	0	0	0	0	0	0	0	0	0	0
Redemptions	0	0	0	0	0	0	0	1,236	0	0	0	0	1,236
1 to 5 years
Gross purchases	0	1,061	0	3,742	2,736	0	0	0	0	0	0	0	7,539
Gross sales	0	0	0	0	0	0	0	0	0	0	0	0	0
Maturity shifts	0	0	0	0	0	0	0	0	0	0	0	0	0
Exchanges	0	0	0	0	0	0	0	0	0	0	0	0	0
5 to 10 years
Gross purchases	0	0	0	290	0	0	0	0	0	0	0	0	290
Gross sales	0	0	0	0	0	0	0	0	0	0	0	0	0
Maturity shifts	0	0	0	0	0	0	0	0	0	0	0	0	0
Exchanges	0	0	0	0	0	0	0	0	0	0	0	0	0
More than 10 years
Gross purchases	0	0	0	640	0	0	0	0	0	0	0	0	640
Gross sales	0	0	0	0	0	0	0	0	0	0	0	0	0
Maturity shifts	0	0	0	0	0	0	0	0	0	0	0	0	0
Exchanges	0	0	0	0	0	0	0	0	0	0	0	0	0
All maturities
Gross purchases	0	1,878	0	6,066	2,736	0	0	0	0	0	0	0	10,680
Gross sales	0	0	0	0	0	0	0	0	0	0	0	0	0
Redemptions	0	0	0	0	0	0	0	11,236	0	0	0	39,178	50,414
Net change in U.S. Treasury securities	0	1,878	0	6,066	2,736	0	0	-11,236	0	0	0	-39,178	-39,734
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	176,000	193,750	228,250	179,500	174,250	177,750	185,000	209,000	236,500	268,750	318,750	249,250	2,596,750
Gross sales	184,750	180,500	240,250	161,250	190,000	188,250	180,000	200,750	230,250	265,000	319,750	250,250	2,591,000
Reverse repurchase agreements4
Gross purchases	630,544	696,788	843,250	739,145	752,100	672,056	673,157	722,358	669,935	786,360	715,682	761,133	8,662,508
Gross sales	633,309	704,054	840,887	739,251	749,528	669,588	673,778	725,162	669,850	788,726	713,543	769,202	8,676,878
Net change in temporary transactions	-11,515	5,984	-9,637	18,143	-13,178	-8,032	4,379	5,446	6,334	1,385	1,139	-9,070	-8,622
Total net change in System Open Market Account	-11,515	7,862	-9,637	24,209	-10,442	-8,032	4,379	-5,791	6,334	1,385	1,139	-48,248	-48,357

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