Repurchase Agreement (Repo) Program
Treasury will invest excess operating cash through reverse repurchase transactions (repos). The Repo Program is an investment opportunity offered to Treasury Tax and Loan (TT&L) depositaries and is designed to supplement existing investment alternatives available through the Treasury Investment Program. The program is operated by Treasury based on its legal authority codified at Title 31 U.S.C. Section 323.
In March 2006, Treasury began to invest excess funds through reverse repos as part of a one year pilot program. During the pilot Treasury invested an average of $2.7 billion daily.
TT&L depositaries interested in becoming participants in the Repo Program should contact: