The Federal Reserve Board has begun an ambitious and long-term effort to upgrade the Financial Accounts of the United States to provide a significantly more detailed and timely picture of financial intermediation in the United States

The objectives of this note are to provide an overview of how Board staff compiles repo data for the Financial Accounts, to explain recent changes to those methods and how these changes affect our understanding of the role played by repo in the financial crisis, and to describe plans for further...

Agency mortgage backed securities are fixed income securities that entitle the owner to principal and interest payments on underlying residential mortgages that are guaranteed by government-sponsored enterprises or government agencies