Bank Repo Agreements: Are unsecured (no collateral) Represent a long-term (usually more than 2 years) funding source for banks Represent a source of short-term financing for companies with good credit (i.e. Strong companies borrow money with Bank Repos). Requires a Bank to agree to repurchase the treasuries that the lending company holds as collateral at a set date and at a price slightly above the price originally paid by the lending company to the bank