Tri-Party General Collateral Rate Volume

The tri-party general collateral rate volume is the transaction volume underlying the Tri-Party General Collateral Rate (TGCR) (https://fred.stlouisfed.org/series/TGCRRATE (https://fred.stlouisfed.org/series/TGCRRATE)). The transaction volume is calculated as the sum of overnight transaction volume used to calculate the reference rate, rounded to the nearest $1 billion. The data are reported by the New York Fed based on transaction-level tri-party data collected from the Bank of New York Mellon (BNY) only. The volume data exclude general collateral finance repo transactions and transactions to which the Federal Reserve is a counterparty. For more information on the TGCR's methodology and publication schedule, see the Additional Information about Reference Rates Administered by the New York Fed (https://www.newyorkfed.org/markets/reference-rates/additional-information-about-reference-rates#tgcr_bgcr_sofr_calculation_methodology).