Skip to content
Government Relations
The Economic Inequality & Equitable Growth hub is a collection of research, analysis and convenings to help better understand economic inequality. Specific-counterparty transactions refer to those in which the counterparties involved know each other’s identity at the time of the trade.The New York Fed, in cooperation with the U.S. Office of Financial Research, produces and publishes three reference rates based on overnight repurchase agreement (repo) transactions secured by Treasury securities, in order to provide the public with more information regarding the interest rates associated with repo transactions. Our Perspectives
Wealth Management
Based in Europe with teams in both Asia and the US, we are the leading provider of pricing globally for inflation swaps and swaps across a variety of currencies. Partners
Goals of a GC Repo Benchmark The principal driver behind the potential publication of overnight Treasury GC repo benchmark rates is to enhance market transparency and efficiency by improving the quality and breadth of repo market information available to the public. The SOFR represents a median of rates across GC and trimmed DVP repo transactions.This rate is a measure of rates on overnight Treasury GC repo transactions, and is calculated based on the same tri-party repo transactions used for the TGCR, as defined below, plus General Collateral Finance (GCF) repo transactions cleared through The Depository Trust & Clearing Corporation’s GCF Repo service.This rate is a measure of rates on overnight, specific-counterparty tri-party repo transactions secured by Treasury securities, and is calculated based on data collected from the Bank of New York Mellon, excluding GCF Repo.
Working within the Federal Reserve System, the New York Fed implements monetary policy, supervises and regulates financial institutions and helps maintain the nation's payment systems.Do you have a Freedom of Information request? Our primary objective is to maintain a safe and competitive U.S. and global banking system. Par weighted rate = SUM (for each overnight trade: Dollar amount*GC rate/SUM (for each overnight trade: Dollar amount) . The repo rate usually trades in line with the Federal Reserve’s target interest rate.
For each of the CUSIPs a weighted average rate is calculated on a daily basis using the following formula: Leadership
Need to file a report with the New York Fed?