FRB: Annual Report 2008, Statistical Table 1: Federal Reserve Open Market Transactions, 2008

1. Federal Reserve Open Market Transactions, 2008
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	81,398	0	13,719	1,510	0	0	0	0	0	0	96,627
Exchanges	35,011	58,896	23,501	20,060	0	5,361	7,320	12,859	19,944	23,596	28,197	27,578	262,323
For new bills	35,011	58,896	23,501	20,060	0	5,361	7,320	12,859	19,944	23,596	28,197	27,578	262,323
Redemptions	27,481	0	25,977	22,667	26,529	6,819	0	0	3,317	0	0	0	112,790

Others within 1 year
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
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	1,926	0	0	0	0	0	0	0	1,926

1 to 5 years
Gross purchases	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross sales	0	0	14,958	20,001	15,000	0	0	0	0	0	0	0	49,959
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	0	0	0	0	0	0	0	0	0	0
Gross sales	0	0	0	0	4,999	0	0	0	0	0	0	0	4,999
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	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
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	0	0	0	0	0	0	0	0	0	0	0	0
Gross sales	0	0	96,356	20,001	33,718	1,510	0	0	0	0	0	0	151,585
Redemptions	27,481	0	25,977	22,667	28,455	6,819	0	0	3,317	0	0	0	114,716

Net change in U.S. Treasury securities	-27,481	0	-122,333	-42,668	-62,173	-8,329	0	0	-3,317	0	0	0	-266,302

FEDERAL AGENCY OBLIGATIONS

Outright transactions²
Gross purchases	0	0	0	0	0	0	0	0	14,500	0	0	15,031	29,531
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	14,500	0	0	15,031	29,531

TEMPORARY TRANSACTIONS

Repurchase agreements³
Gross purchases	203,500	256,250	233,750	386,500	345,500	347,250	353,000	276,000	450,500	120,000	80,000	100,000	3,152,250
Gross sales	224,500	220,000	219,500	347,000	347,250	346,500	348,500	277,500	477,000	123,000	80,000	100,000	3,110,750

Reverse repurchase agreements⁴
Gross purchases	830,931	770,268	861,490	875,902	813,259	850,374	940,787	912,593	1,142,836	2,057,805	1,777,834	1,957,897	13,791,976
Gross sales	826,520	773,973	862,311	872,505	811,255	855,495	942,387	909,781	1,178,163	2,074,400	1,781,862	1,972,690	13,861,342

Net change in temporary transactions	-16,589	32,545	13,429	42,897	253	-4,372	2,900	1,312	-61,827	-19,595	-4,027	-14,794	-27,868

Total net change in System Open Market Account	-44,069	32,545	-108,905	229	-61,920	-12,700	2,900	1,312	-50,644	-19,595	-4,027	237	-264,637

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 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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