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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


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