Short-term Funding Monitor
Short-term funding markets are the core of liquidity and maturity transformation in financial markets. They provide financing for financial institutions, serve as alternatives to deposits for cash investors, and can be used to obtain securities. However, as unavoidable consequences of their functions, these critical markets are vulnerable to disruptions. Problems faced by financial institutions or other parts of the financial system often appear as stresses in short-term funding markets. As part of the Office of Financial Research’s mission to promote and monitor financial stability, the OFR collects a variety of data on these markets. The Short-term Funding Monitor presents these data and places them in context with other data sources.
To allow for easier monitoring of conditions in short-term funding markets, the OFR offers sets of curated charts that provide insights into different dimensions of these markets. These market digests are broken down into four categories that describe how short-term funding markets are functioning: collateral, tenor, volume, and rates.
Market Digest Categories
Each category contains a set of charts that present relevant data from our collections and other data sources and offers interpretative guidance from our research staff.
Collateral: for secured loans, the securities held by a lender against the possibility that a loan defaults
Access Data
- U.S. Money Market Funds Office of Financial Research estimates of the holdings of U.S. money market funds
- U.S. Repo Markets Office of Financial Research estimates of activity in tri-party and centrally cleared repo markets
- Reference Rates Reference rates produced by the Federal Reserve Bank of New York, with related information
- Primary Dealer Statistics Data on primary dealers’ market activity produced by the Federal Reserve Bank of New York
- Treasury Constant Maturity Rates U.S. Treasury Department reports of daily constant maturity rates on Treasury securities
This OFR monitor is presented solely for informative purposes and should not be relied upon for financial decisions; it is not intended to provide any investment or financial advice. If you have any specific questions about any financial or other matter please consult an appropriately qualified professional. The OFR makes no warranty, express or implied, nor assumes any legal liability or responsibility for the accuracy, completeness, reliability, and usefulness of any information that is available through this website, nor represents that its use would not infringe on any privately owned rights.
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Suggested CitationOffice of Financial Research, “OFR Short-term Funding Monitor,” refreshed daily, https://www.financialresearch.gov/short-term-funding-monitor/ (accessed ).