VOL. XCIV, NO. 247

★ FINANCIAL TOOLS & SERVICES DIRECTORY ★

PRICE: 5 CENTS

Sunday, October 5, 2025

Head-to-head

Office of Financial Research (U.S. Treasury) vs USAspending comparison

Compare pricing, supported platforms, categories, and standout capabilities to decide which tool fits your workflow.

Quick takeaways

Office of Financial Research (U.S. Treasury) adds Interest Rates, Yield Curves, Scores, Market Sentiment, Fund Holdings, and Blogs coverage that USAspending skips.

USAspending includes Videos, and Other categories that Office of Financial Research (U.S. Treasury) omits.

Office of Financial Research (U.S. Treasury) highlights: Short‑term Funding Monitor (STFM): curated repo/CP/CD/FF market charts plus **open REST API** (JSON, HTTPS) with series search, metadata, and spread endpoints; no tokens required., U.S. Money Market Fund Monitor: interactive holdings transparency by asset type, counterparty, country; per‑chart **CSV download**., and Hedge Fund Monitor (HFM): aggregated Form PF and related series via an **open REST API** (JSON) organized by datasets and mnemonics..

USAspending is known for: Advanced Search & profiles across awards, recipients, agencies, federal accounts; filters include date, place of performance, NAICS/PSC, Assistance Listing (formerly CFDA), DEFC for COVID/infrastructure., Spending Explorer and Agency/Federal Account profiles for top‑down views of obligations/outlays and drill‑downs by budget hierarchy., and Public REST API that powers the website (GET & POST endpoints; JSON responses); tutorial and contracts for commonly used endpoints..

Office of Financial Research (U.S. Treasury) logo

Office of Financial Research (U.S. Treasury)

financialresearch.gov

U.S. Treasury’s OFR publishes free, methods‑backed monitors and datasets (Short‑term Funding Monitor, U.S. Money Market Fund Monitor, Bank Systemic Risk Monitor, and the daily OFR Financial Stress Index). STFM and HFM provide open JSON APIs (no keys), CSV downloads are available from some monitors. Updates are end‑of‑day with documented lags (e.g., FSI ~T+2 business days; repo series T+1/T+2 depending on segment).

Platforms

Web
API

Pricing

Free

Quick highlights

  • Short‑term Funding Monitor (STFM): curated repo/CP/CD/FF market charts plus **open REST API** (JSON, HTTPS) with series search, metadata, and spread endpoints; no tokens required.
  • U.S. Money Market Fund Monitor: interactive holdings transparency by asset type, counterparty, country; per‑chart **CSV download**.
  • Hedge Fund Monitor (HFM): aggregated Form PF and related series via an **open REST API** (JSON) organized by datasets and mnemonics.
  • OFR Financial Stress Index (FSI): **daily** global market‑based stress index built from 33 variables; FSI values publish with a ~**two‑business‑day** lag.
  • Bank Systemic Risk Monitor: G‑SIB scores/surcharges, OFR Contagion Index, leverage/assets/equity; clear notes on refresh cadence (e.g., Basel scores annually, contagion index quarterly).

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USAspending logo

USAspending

usaspending.gov

Official U.S. federal spending open‑data portal mandated by the DATA Act and operated by Treasury’s Bureau of the Fiscal Service. The public REST API powers the site (GET/POST endpoints, JSON responses). Data refreshes daily after a nightly pipeline; underlying source systems update on different cadences (e.g., monthly for Files A/B/C via the DATA Act Broker; next‑day for FPDS contracts; FABS within 2 weeks; FSRS subawards by month‑end; GTAS monthly). Bulk downloads and archives are available for awards back to FY2008.

Platforms

Web
API

Pricing

Free

Quick highlights

  • Advanced Search & profiles across awards, recipients, agencies, federal accounts; filters include date, place of performance, NAICS/PSC, Assistance Listing (formerly CFDA), DEFC for COVID/infrastructure.
  • Spending Explorer and Agency/Federal Account profiles for top‑down views of obligations/outlays and drill‑downs by budget hierarchy.
  • Public REST API that powers the website (GET & POST endpoints; JSON responses); tutorial and contracts for commonly used endpoints.
  • Bulk data: Award Data Archive (pre‑generated, by agency/fiscal year), Custom Award Data, Custom Account Data, and full Database Download.
  • Award coverage: contracts, contract IDVs, grants, direct payments, loans, insurance, other financial assistance; prime awards and subawards (FSRS).

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Overlap

Shared focus areas

3 overlaps

Mutual strengths include Data APIs, APIs & SDKs, and Data Visualizations.

Where they differ

Office of Financial Research (U.S. Treasury)

Distinct strengths include:

  • Short‑term Funding Monitor (STFM): curated repo/CP/CD/FF market charts plus **open REST API** (JSON, HTTPS) with series search, metadata, and spread endpoints; no tokens required.
  • U.S. Money Market Fund Monitor: interactive holdings transparency by asset type, counterparty, country; per‑chart **CSV download**.
  • Hedge Fund Monitor (HFM): aggregated Form PF and related series via an **open REST API** (JSON) organized by datasets and mnemonics.
  • OFR Financial Stress Index (FSI): **daily** global market‑based stress index built from 33 variables; FSI values publish with a ~**two‑business‑day** lag.

USAspending

Distinct strengths include:

  • Advanced Search & profiles across awards, recipients, agencies, federal accounts; filters include date, place of performance, NAICS/PSC, Assistance Listing (formerly CFDA), DEFC for COVID/infrastructure.
  • Spending Explorer and Agency/Federal Account profiles for top‑down views of obligations/outlays and drill‑downs by budget hierarchy.
  • Public REST API that powers the website (GET & POST endpoints; JSON responses); tutorial and contracts for commonly used endpoints.
  • Bulk data: Award Data Archive (pre‑generated, by agency/fiscal year), Custom Award Data, Custom Account Data, and full Database Download.

Feature-by-feature breakdown

AttributeOffice of Financial Research (U.S. Treasury)USAspending
Categories

Which research workflows each platform targets

Shared: Data APIs, APIs & SDKs, Data Visualizations

Unique: Interest Rates, Yield Curves, Scores, Market Sentiment, Fund Holdings, Blogs

Shared: Data APIs, APIs & SDKs, Data Visualizations

Unique: Videos, Other

Asset types

Supported asset classes and universes

Bonds, Mutual Funds, Hedge Funds

Other

Experience levels

Who each product is built for

Beginner, Intermediate, Advanced

Beginner, Intermediate, Advanced

Platforms

Where you can access the product

Web, API

Web, API

Pricing

High-level pricing models

Free

Free

Key features

Core capabilities called out by each vendor

Unique

  • Short‑term Funding Monitor (STFM): curated repo/CP/CD/FF market charts plus **open REST API** (JSON, HTTPS) with series search, metadata, and spread endpoints; no tokens required.
  • U.S. Money Market Fund Monitor: interactive holdings transparency by asset type, counterparty, country; per‑chart **CSV download**.
  • Hedge Fund Monitor (HFM): aggregated Form PF and related series via an **open REST API** (JSON) organized by datasets and mnemonics.
  • OFR Financial Stress Index (FSI): **daily** global market‑based stress index built from 33 variables; FSI values publish with a ~**two‑business‑day** lag.
  • Bank Systemic Risk Monitor: G‑SIB scores/surcharges, OFR Contagion Index, leverage/assets/equity; clear notes on refresh cadence (e.g., Basel scores annually, contagion index quarterly).
  • U.S. Repo Markets Data Release: preliminary series posted most weekdays (~3 p.m. ET) with T+1 (cleared) and T+2 (tri‑party) lags; quarterly validated ‘final’ releases.

Unique

  • Advanced Search & profiles across awards, recipients, agencies, federal accounts; filters include date, place of performance, NAICS/PSC, Assistance Listing (formerly CFDA), DEFC for COVID/infrastructure.
  • Spending Explorer and Agency/Federal Account profiles for top‑down views of obligations/outlays and drill‑downs by budget hierarchy.
  • Public REST API that powers the website (GET & POST endpoints; JSON responses); tutorial and contracts for commonly used endpoints.
  • Bulk data: Award Data Archive (pre‑generated, by agency/fiscal year), Custom Award Data, Custom Account Data, and full Database Download.
  • Award coverage: contracts, contract IDVs, grants, direct payments, loans, insurance, other financial assistance; prime awards and subawards (FSRS).
  • Entity identifiers: UEI (replaced DUNS on Apr 4, 2022) used for recipients as the governmentwide identifier (via SAM.gov).
Tested

Verified by hands-on testing inside Find My Moat

Not yet

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Editor pick

Featured inside curated shortlists

Standard listing

Standard listing

Frequently Asked Questions

Which workflows do Office of Financial Research (U.S. Treasury) and USAspending both support?

Both platforms cover Data APIs, APIs & SDKs, and Data Visualizations workflows, so you can research those use cases in either tool before digging into the feature differences below.

Do Office of Financial Research (U.S. Treasury) and USAspending require subscriptions?

Both Office of Financial Research (U.S. Treasury) and USAspending keep freemium access with optional paid upgrades, so you can trial each platform before committing.

How can you access Office of Financial Research (U.S. Treasury) and USAspending?

Both Office of Financial Research (U.S. Treasury) and USAspending prioritize web or desktop access. Investors wanting a mobile-first workflow may need to rely on responsive web views.

What unique strengths set the two platforms apart?

Office of Financial Research (U.S. Treasury) differentiates itself with Short‑term Funding Monitor (STFM): curated repo/CP/CD/FF market charts plus **open REST API** (JSON, HTTPS) with series search, metadata, and spread endpoints; no tokens required., U.S. Money Market Fund Monitor: interactive holdings transparency by asset type, counterparty, country; per‑chart **CSV download**., and Hedge Fund Monitor (HFM): aggregated Form PF and related series via an **open REST API** (JSON) organized by datasets and mnemonics., whereas USAspending stands out for Advanced Search & profiles across awards, recipients, agencies, federal accounts; filters include date, place of performance, NAICS/PSC, Assistance Listing (formerly CFDA), DEFC for COVID/infrastructure., Spending Explorer and Agency/Federal Account profiles for top‑down views of obligations/outlays and drill‑downs by budget hierarchy., and Public REST API that powers the website (GET & POST endpoints; JSON responses); tutorial and contracts for commonly used endpoints..

Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.