Annual Report 2011

Table 1. Federal Reserve open market transactions, 2011
Millions of dollars

Type of security and transaction Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Total
U.S. Treasury securities 1
Outright transactions 2
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 13,931 18,423 20,841 18,423 18,423 24,361 18,423 18,423 22,204 18,423 18,423 39,349 249,647
For new bills 13,931 18,423 20,841 18,423 18,423 24,361 18,423 18,423 22,204 18,423 18,423 39,349 249,647
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 0 0 0 0 0 0
Gross sales 0 0 0 0 0 0 0 0 0 9,227 13,241 12,284 34,752
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 0 0 0 0 0 0
1 to 5 years
Gross purchases 40,763 39,888 64,230 31,007 49,593 35,548 8,286 4,779 7,168 0 0 0 281,262
Gross sales 0 0 0 0 0 0 0 0 0 36,493 22,510 40,304 99,307
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 61,090 49,120 42,568 38,675 51,728 46,137 9,163 8,143 3,946 28,155 28,911 28,598 396,234
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 5,099 9,687 5,586 9,568 7,735 6,586 869 860 1,260 15,586 16,019 15,629 94,484
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
Discount notes 0 0 0 0 0 0 0 0 0 0 0 0 0
All maturities
Gross purchases 106,952 98,695 112,384 79,250 109,056 88,271 18,318 13,782 12,374 43,741 44,930 44,227 771,980
Gross sales 0 0 0 0 0 0 0 0 0 45,720 35,751 52,588 134,059
Redemptions 0 0 0 0 0 0 0 0 0 0 0 0 0
Net change in U.S. Treasury securities 106,952 98,695 112,384 79,250 109,056 88,271 18,318 13,782 12,374 -1,979 9,179 -8,361 637,921
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 2,836 1,375 10,754 7,377 6,025 2,389 4,269 2,659 1,508 600 1,759 1,915 43,466
Net change in federal agency obligations -2,836 -1,375 -10,754 -7,377 -6,025 -2,389 -4,269 -2,659 -1,508 -600 -1,759 -1,915 -43,466
Mortgage-backed securities 3
Net settlements2
Net change in mortgage-backed securities -27,064 -16,145 -11,777 -10,134 -9,166 -9,002 -11,569 -12,340 -14,062 -21,622 -22,209 10,632 -154,458
Temporary transactions
Repurchase agreements 4
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
Reverse repurchase agreements4
Gross purchases 1,149,923 1,121,253 1,375,612 1,199,626 1,184,367 1,393,194 1,331,469 2,050,172 1,992,384 1,600,224 1,849,913 1,841,898 18,090,035
Gross sales 1,151,355 1,119,280 1,380,281 1,201,149 1,185,025 1,406,222 1,330,845 2,085,031 1,971,962 1,598,526 1,860,456 1,848,830 18,138,962
Net change in temporary transactions -1,431 1,973 -4,670 -1,523 -657 -13,029 624 -34,859 20,422 1,697 -10,543 -6,932 -48,928
Total net change in System Open Market Account 75,621 83,148 85,183 60,216 93,208 63,851 3,104 -36,076 17,226 -22,504 -25,332 -6,576 391,069

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. Return to table

3. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Monthly net change in face value of the securities held, which is the remaining principal balance of the underlying mortgages. Return to table

4. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. Return to table

Back to top

Last update: July 11, 2012