Note: The interactive data visualization of this repo market information was discontinued with the September 2025 update. The underlying data will continue to be available for download each month via a spreadsheet. With the transition, changes have been made to some of the data series. See the Explanatory Notes in Downloads for more information. (November 19, 2025)

 

Tri-Party/GCF Repo Statistics

This summary dataset provides a snapshot view of the size and composition of the U.S. tri-party repo and GCF Repo® markets on a monthly basis.



Financial market data display
The tri-​party repo market is a large and important market that provides short-term funding for securities dealers and supports the liquidity of key fixed-income markets. The market is named as such given the role played by third-party clearing banks in facilitating settlement of repo contracts.

The downloadable data provides summary statistics that cover the volume and value of all transactions in the tri-party repo market on a typical business day (generally the seventh of the month). It details the types of assets being used as collateral and their volume shares, the median and range of haircuts by asset class, and the market share taken by the top three dealers in each asset class, if more than three dealers are active. The data are useful for tracking the market’s size over time, how the composition of financing is evolving, margin trends, and dealer concentration.

Volume, margin, and collateral composition information is collected from the clearing banks and consolidated by the New York Fed. The data have been published monthly since May 2010 in the interests of market transparency, following a recommendation of the Task Force on Tri-Party Repo Infrastructure Reform. With the November 2025 update, there were several changes to the reporting described in the Explanatory Notes in Downloads.

Since 2011 the available data have included the gross volume of general collateral finance repo (GCF Repo®) transactions by asset class on a representative trading day each month. This information covers the portion of U.S. tri-party repo activity that is cleared and settled by the Government Securities Division of the Fixed Income Clearing Corporation (FICC) for member institutions.




Release Schedule
The data represent snapshots of activity on the seventh business day of each month; they are published on or about the eleventh business day of the month, with exceptions described in the Explanatory Notes.
Related Reading
Key Mechanics of The U.S. Tri-Party Repo Market
Economic Policy Review, November 2012. 
 
A Primer on the GCF Repo® Service 
Economic Policy Review, December 2015.
 
Everything You Wanted to Know about the Tri‑Party Repo Market, but Didn’t Know to Ask 
Liberty Street Economics, April 2011.
 
Tri-Party Repo Infrastructure Reform 
 
Tri-Party General Collateral Rate Data
Suggested Citation
Federal Reserve Bank of New York, Tri-Party/GCF Repo® Statistics, https://newyorkfed.org/research/tri-party-repo.
Disclaimer
Tri-Party/GCF Repo® Statistics does not represent official estimates of the Federal Reserve Bank of New York, its President, the Federal Reserve System, or the Federal Open Market Committee.
About the Tri-Party/GCF Repo® Statistics
These data capture the volume, value, and collateral composition of all transactions in the U.S. tri-party repo and GCF Repo® markets on one trading day per month, as well as additional descriptive statistics. They are published on or about the eleventh business day of the month, with exceptions described in the Explanatory Notes.
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