The New York Fed conducts repurchase agreement (repos) operations to support effective policy implementation and the smooth functioning of short-term U.S. dollar funding markets, as directed by the Federal Open Market Committee (FOMC).
Operation details for repos conducted between September 2019 and July 2021 can be found below. On July 28, 2021, the FOMC established the Standing Repo Facility (SRF). Operational details for the SRF can be found in the SRF FAQs.
Operation details for repos conducted between September 2019 and July 2021 can be found below. On July 28, 2021, the FOMC established the Standing Repo Facility (SRF). Operational details for the SRF can be found in the SRF FAQs.
Repo Operations Parameters (Effective September 17, 2019 to July 28, 2021)
| Overnight Repo | |
|---|---|
| Period: | Friday, 2/12/2021 - Wednesday, 7/28/2021 |
| Schedule: | Every business day from 1:30 p.m. to 1:45 p.m. (ET), unless otherwise stated |
| Aggregate Operation limit: | $500 billion |
| Proposition limit: | Two propositions per eligible collateral type, subject to a $20 billion maximum per proposition |
| Minimum Bid Rate: | Interest on Excess Reserves (IOER) + 5 basis points |
| Eligible Counterparties: | Primary dealers |
| Eligible Collateral: | Treasuries, agency debt, and agency mortgage-backed securities (see Repo Collateral Schedule) |
Repo operation parameters are subject to change.
| Period | Summary | Next Schedule Release |
|---|---|---|
| Friday, 01/15/2021 - Thursday, 02/11/2021 | The Desk plans to conduct overnight repo operations on each business day and a series of term repo operations. The aggregate operation limit of each operation is $500 billion and proposition limits are $20 billion per bid. Each operation will settle the same day as the operation date unless otherwise noted. | Thursday, 02/11/2021* |
| Overnight Operations Date(s) | Time | Minimum Bid Rate |
|---|---|---|
| Friday, 01/15/2021 - Thursday, 02/11/2021 | 1:30 - 1:45 p.m. | IOER + 5 basis points |
| Term operation date | maturity date | term | Time | Minimum Bid Rate |
|---|---|---|---|---|
| Tuesday, 1/19/2021 | Tuesday, 2/16/2021 | 28-days | 8:15 - 8:30 a.m. | IOER + 10 basis points |
| Tuesday, 1/26/2021 | Tuesday, 2/23/2021 | 28-days | 8:15 - 8:30 a.m. | IOER + 10 basis points |
| Tuesday, 2/2/2021 | Tuesday, 3/2/2021 | 28-days | 8:15 - 8:30 a.m. | IOER + 10 basis points |
| Tuesday, 2/9/2021 | Tuesday, 3/9/2021 | 28-days | 8:15 - 8:30 a.m. | IOER + 10 basis points |
Note: This calendar was last updated on 1/14/2021
*See January 27, 2021 Statement Regarding Repurchase Operations for repo operation schedule effective February 12, 2021.
*See January 27, 2021 Statement Regarding Repurchase Operations for repo operation schedule effective February 12, 2021.
| Period | Summary | Next Schedule Release |
|---|---|---|
| Monday, 12/14/2020 - Thursday, 01/14/2021 | The Desk plans to conduct overnight repo operations on each business day and a series of term repo operations. The aggregate operation limit of each operation is $500 billion and proposition limits are $20 billion per bid. Each operation will settle the same day as the operation date unless otherwise noted. | Thursday, 01/14/2021 |
| Overnight Operations Date(s) | Time | Minimum Bid Rate |
|---|---|---|
| Monday, 12/14/2020 - Thursday, 01/14/2021 | 1:30 - 1:45 p.m. | IOER + 5 basis points |
| Term operation date | maturity date | term | Time | Minimum Bid Rate |
|---|---|---|---|---|
| Tuesday, 12/15/2020 | Tuesday, 1/12/2021 | 28-days | 8:15 - 8:30 a.m. | IOER + 10 basis points |
| Tuesday, 12/22/2020 | Tuesday, 1/19/2021 | 28-days | 8:15 - 8:30 a.m. | IOER + 10 basis points |
| Tuesday, 12/29/2020 | Tuesday, 1/26/2021 | 28-days | 8:15 - 8:30 a.m. | IOER + 10 basis points |
| Tuesday, 1/5/2021 | Tuesday, 2/2/2021 | 28-days | 8:15 - 8:30 a.m. | IOER + 10 basis points |
| Tuesday, 1/12/2021 | Tuesday, 2/9/2021 | 28-days | 8:15 - 8:30 a.m. | IOER + 10 basis points |
Note: This calendar was last updated on 12/11/2020
| Period | Summary | Next Schedule Release |
|---|---|---|
| Monday, 11/16/2020 - Friday, 12/11/2020 | The Desk plans to conduct overnight repo operations on each business day and a series of term repo operations. The aggregate operation limit of each operation is $500 billion and proposition limits are $20 billion per bid. Each operation will settle the same day as the operation date unless otherwise noted. | Friday, 12/11/2020 |
| Overnight Operations Date(s) | Time | Minimum Bid Rate |
|---|---|---|
| Monday, 11/16/2020 - Friday, 12/11/2020 | 1:30 - 1:45 p.m. | IOER + 5 basis points |
| Term operation date | maturity date | term | Time | Minimum Bid Rate |
|---|---|---|---|---|
| Tuesday, 11/17/2020 | Tuesday, 12/15/2020 | 28-days | 8:15 - 8:30 a.m. | IOER + 10 basis points |
| Tuesday, 11/24/2020 | Tuesday, 12/22/2020 | 28-days | 8:15 - 8:30 a.m. | IOER + 10 basis points |
| Tuesday, 12/1/2020 | Tuesday, 12/29/2020 | 28-days | 8:15 - 8:30 a.m. | IOER + 10 basis points |
| Tuesday, 12/8/2020 | Tuesday, 1/5/2021 | 28-days | 8:15 - 8:30 a.m. | IOER + 10 basis points |
Note: This calendar was last updated on 11/13/2020
| Period | Summary | Next Schedule Release |
|---|---|---|
| Thursday, 10/15/2020 - Friday, 11/13/2020 | The Desk plans to conduct overnight repo operations on each business day and a series of term repo operations. The aggregate operation limit of each operation is $500 billion and proposition limits are $20 billion per bid. Each operation will settle the same day as the operation date unless otherwise noted. | Friday, 11/13/2020 |
| Overnight Operations Date(s) | Time | Minimum Bid Rate |
|---|---|---|
| Thursday, 10/15/2020 - Friday, 11/13/2020 | 1:30 - 1:45 p.m. | IOER + 5 basis points |
| Term operation date | maturity date | term | Time | Minimum Bid Rate |
|---|---|---|---|---|
| Tuesday, 10/20/2020 | Tuesday, 11/17/2020 | 28-days | 8:15 - 8:30 a.m. | IOER + 10 basis points |
| Tuesday, 10/27/2020 | Tuesday, 11/24/2020 | 28-days | 8:15 - 8:30 a.m. | IOER + 10 basis points |
| Tuesday, 11/3/2020 | Tuesday, 12/1/2020 | 28-days | 8:15 - 8:30 a.m. | IOER + 10 basis points |
| Tuesday, 11/10/2020 | Tuesday, 12/8/2020 | 28-days | 8:15 - 8:30 a.m. | IOER + 10 basis points |
Note: This calendar was last updated on 10/14/2020
| Period | Summary | Next Schedule Release |
|---|---|---|
| Tuesday, 9/15/2020 - Wednesday, 10/14/2020 | The Desk plans to conduct overnight repo operations on each business day and a series of term repo operations. The aggregate operation limit of each operation is $500 billion and proposition limits are $20 billion per bid. Each operation will settle the same day as the operation date unless otherwise noted. | Wednesday, 10/14/2020 |
| Overnight Operations Date(s) | Time | Minimum Bid Rate |
|---|---|---|
| Tuesday, 9/15/2020 - Wednesday, 10/14/2020 | 1:30 - 1:45 p.m. | IOER + 5 basis points |
| Term operation date | maturity date | term | Time | Minimum Bid Rate |
|---|---|---|---|---|
| Tuesday, 9/15/2020 | Tuesday, 10/13/2020 | 28-days | 8:15 - 8:30 a.m. | IOER + 10 basis points |
| Tuesday, 9/22/2020 | Tuesday, 10/20/2020 | 28-days | 8:15 - 8:30 a.m. | IOER + 10 basis points |
| Tuesday, 9/29/2020 | Tuesday, 10/27/2020 | 28-days | 8:15 - 8:30 a.m. | IOER + 10 basis points |
| Tuesday, 10/6/2020 | Tuesday, 11/3/2020 | 28-days | 8:15 - 8:30 a.m. | IOER + 10 basis points |
| Tuesday, 10/13/2020 | Tuesday, 11/10/2020 | 28-days | 8:15 - 8:30 a.m. | IOER + 10 basis points |
Note: This calendar was last updated on 9/14/2020
| Period | Summary | Next Schedule Release |
|---|---|---|
| Friday, 8/14/2020 - Monday, 9/14/2020 | The Desk plans to conduct overnight repo operations on each business day and a series of term repo operations. The aggregate operation limit of each operation is $500 billion and proposition limits are $20 billion per bid. Each operation will settle the same day as the operation date unless otherwise noted. | Monday, 9/14/2020 |
| Overnight Operations Date(s) | Time | Minimum Bid Rate |
|---|---|---|
| Friday, 8/14/2020 - Monday, 9/14/2020 | 1:30 - 1:45 p.m. | IOER + 5 basis points |
| Term operation date | maturity date | term | Time | Minimum Bid Rate |
|---|---|---|---|---|
| Tuesday, 8/18/2020 | Tuesday, 9/15/2020 | 28-days | 8:15 - 8:30 a.m. | IOER + 10 basis points |
| Tuesday, 8/25/2020 | Tuesday, 9/22/2020 | 28-days | 8:15 - 8:30 a.m. | IOER + 10 basis points |
| Tuesday, 9/1/2020 | Tuesday, 9/29/2020 | 28-days | 8:15 - 8:30 a.m. | IOER + 10 basis points |
| Tuesday, 9/8/2020 | Tuesday, 10/6/2020 | 28-days | 8:15 - 8:30 a.m. | IOER + 10 basis points |
Note: This calendar was last updated on 8/13/2020
| Period | Summary | Next Schedule Release |
|---|---|---|
| Tuesday, 7/14/2020 - Thursday, 8/13/2020 | The Desk plans to conduct overnight repo operations on each business day and a series of term repo operations. The aggregate operation limit of each operation is $500 billion and proposition limits are $20 billion per bid. Each operation will settle the same day as the operation date unless otherwise noted. | Thursday, 8/13/2020 |
| Overnight Operations Date(s) | Time | Minimum Bid Rate |
|---|---|---|
| Tuesday, 7/14/2020 - Thursday, 8/13/2020 | 1:30 - 1:45 p.m. | IOER + 5 basis points |
| Term operation date | maturity date | term | Time | Minimum Bid Rate |
|---|---|---|---|---|
| Tuesday, 7/14/2020 | Tuesday, 8/11/2020 | 28-days | 8:15 - 8:30 a.m. | IOER + 10 basis points |
| Tuesday, 7/21/2020 | Tuesday, 8/18/2020 | 28-days | 8:15 - 8:30 a.m. | IOER + 10 basis points |
| Tuesday, 7/28/2020 | Tuesday, 8/25/2020 | 28-days | 8:15 - 8:30 a.m. | IOER + 10 basis points |
| Tuesday, 8/4/2020 | Tuesday, 9/1/2020 | 28-days | 8:15 - 8:30 a.m. | IOER + 10 basis points |
| Tuesday, 8/11/2020 | Tuesday, 9/8/2020 | 28-days | 8:15 - 8:30 a.m. | IOER + 10 basis points |
| Period | Summary | Next Schedule Release |
|---|---|---|
| Friday, 6/12/2020 – Monday, 7/13/2020 | The Desk plans to conduct overnight repo operations on each business day and a series of term repo operations. The aggregate operation limit of each operation is $500 billion and proposition limits are $20 billion per bid. Each operation will settle the same day as the operation date unless otherwise noted. | Monday, 7/13/2020 |
| Overnight Operations Date(s) | Time | Minimum Bid Rate |
|---|---|---|
| Friday, 6/12/2020 & Monday, 6/15/2020 | 8:15 - 8:30 a.m. | IOER + 0 basis points |
| Tuesday, 6/16/2020 | 8:30 - 8:45 a.m. | IOER + 5 basis points |
| Wednesday, 6/17/2020 - Friday, 6/19/2020 | 8:15 - 8:30 a.m. | IOER + 5 basis points |
| Monday, 6/22/2020 - Monday, 7/13/2020* | 1:30 - 1:45 p.m. | IOER + 5 basis points |
| Term operation date | maturity date | term | Minimum Bid Rate |
|---|---|---|---|
| Tuesday, 6/16/2020 | Tuesday, 7/14/2020 | 28-days | IOER + 10 basis points |
| Tuesday, 6/23/2020 | Tuesday, 7/21/2020 | 28-days | IOER + 10 basis points |
| Tuesday, 6/30/2020 | Tuesday, 7/28/2020 | 28-days | IOER + 10 basis points |
| Tuesday, 7/7/2020 | Tuesday, 8/4/2020 | 28-days | IOER + 10 basis points |
*Due to the Securities Industry and Financial Markets Association’s recommended market close on Friday, 7/3/2020, the overnight repo on Thursday, 7/2/2020 will mature on Monday, 7/6/2020. No repo operation will be conducted on Friday, 7/3/2020.
Note: This calendar was last updated on 6/19/2020
Note: This calendar was last updated on 6/19/2020
| Period | Summary | Next Schedule Release |
|---|---|---|
| Thursday, 5/14/2020 – Thursday, 6/11/2020 | The desk plans to conduct overnight repo operations on each business day and a series of term repo operations. | Thursday, 6/11/2020 |
| Overnight Operations Dates | Aggregate Operation Limit |
|---|---|
| Thursday, 5/14/2020 – Thursday, 6/11/2020 | $500 billion |
| Term operation date | maturity date | term | aggregate operation limit |
|---|---|---|---|
| Monday, 5/18/2020 | Tuesday, 6/16/2020 | 29-days | $500 billion |
| Tuesday, 5/26/2020 | Tuesday, 6/23/2020 | 28-days | $500 billion |
| Monday, 6/1/2020 | Tuesday, 6/30/2020 | 29-days | $500 billion |
| Monday, 6/8/2020 | Tuesday, 7/7/2020 | 29-days | $500 billion |
Note: This calendar was last updated on 5/13/2020
| Overnight Operations Dates | Aggregate Operation Limit |
|---|---|
| Morning: Tuesday, 4/14/2020 - Wednesday, 5/13/2020 | $500 billion |
| Afternoon: Tuesday, 4/14/2020 - Friday, 5/1/2020 | $500 billion |
| Term operation date | maturity date | term | aggregate operation limit |
|---|---|---|---|
| Monday, 4/20/2020 | Monday, 5/18/2020 | 28-days | $500 billion |
| Friday, 4/24/2020 | Friday, 7/17/2020 | 84-days | $500 billion |
| Monday, 4/27/2020 | Tuesday, 5/26/2020 | 29-days | $500 billion |
| Monday, 5/4/2020 | Monday, 6/1/2020 | 28-days | $500 billion |
| Friday, 5/8/2020 | Friday, 7/31/2020 | 84-days | $500 billion |
| Monday, 5/11/2020 | Monday, 6/8/2020 | 28-days | $500 billion |
Note: This calendar was last updated on 4/13/2020
| Overnight Operations Dates | Aggregate Operation Limit |
|---|---|
| Morning: Thursday, 3/12/2020 - Monday, 3/16/2020 | At least $175 billion |
| Afternoon: Monday, 3/16/2020 – Monday, 4/13/2020* | $500 billion |
| Morning: Tuesday, 3/17/2020 – Monday, 4/13/2020* | $500 billion |
| Term operation date | maturity date | term | aggregate operation limit |
|---|---|---|---|
| Thursday, 3/12/2020** | Monday, 4/6/2020 | 25-days | At least $50 billion |
| Thursday, 3/12/2020 | Thursday, 3/26/2020 | 14-days | At least $45 billion |
| Thursday, 3/12/2020**, forward settlement repo*** | Friday, 6/5/2020 | 84-days | $500 billion |
| Friday, 3/13/2020** | Friday, 6/5/2020 | 84-days | $500 billion |
| Friday, 3/13/2020** | Monday, 4/13/2020 | 31-days | $500 billion |
| Monday, 3/16/2020** | Monday, 4/13/2020 | 28-days | $500 billion |
| Tuesday, 3/17/2020 | Tuesday, 3/31/2020 | 14-days | At least $45 billion |
| Thursday, 3/19/2020 | Thursday, 4/2/2020 | 14-days | At least $45 billion |
| Friday, 3/20/2020** | Friday, 6/12/2020 | 84-days | $500 billion |
| Monday, 3/23/2020** | Monday, 4/20/2020 | 28-days | $500 billion |
| Tuesday, 3/24/2020 | Monday, 4/6/2020 | 13-days | At least $45 billion |
| Thursday, 3/26/2020 | Monday, 4/6/2020 | 11-days | At least $45 billion |
| Friday, 3/27/2020** | Friday, 6/19/2020 | 84-days | $500 billion |
| Monday, 3/30/2020** | Monday, 4/27/2020 | 28-days | $500 billion |
| Tuesday, 3/31/2020 | Monday, 4/13/2020 | 13-days | At least $45 billion |
| Thursday, 4/2/2020 | Monday, 4/13/2020 | 11-days | At least $45 billion |
| Friday, 4/3/2020** | Friday, 6/26/2020 | 84-days | $500 billion |
| Monday, 4/6/2020** | Monday, 5/4/2020 | 28-days | $500 billion |
| Thursday, 4/9/2020** | Friday, 7/3/2020 | 85-days | $500 billion |
| Monday, 4/13/2020** | Monday, 5/11/2020 | 28-days | $500 billion |
*Due to the Securities Industry and Financial Markets Association’s recommended market close on Friday, 4/10/2020, the overnight repos on Thursday, 4/9/2020 will mature on Monday, 4/13/2020.
**The minimum bid rate for these longer-maturity term repo operations will be set at the greater of: (1) the prevailing market rate that reflects market expectations for the path of the federal funds rate over a similar tenor plus a spread of 5 basis points for one-month repo operations and 10 basis points for three-month repo operations, or (2) the minimum bid rate for the overnight repo operation on the same day. These are a technical parameters and no inference should be drawn about the Federal Reserve’s views on the current or future stance of monetary policy based on the minimum bid rates for repo operations. These parameters are subject to change.
***This forward settlement operation will be conducted at 1:30 p.m. ET on 3/12/2020. It will settle on 3/13/2020 and mature on 6/5/2020.
Note: This calendar was last updated on 3/16/2020
**The minimum bid rate for these longer-maturity term repo operations will be set at the greater of: (1) the prevailing market rate that reflects market expectations for the path of the federal funds rate over a similar tenor plus a spread of 5 basis points for one-month repo operations and 10 basis points for three-month repo operations, or (2) the minimum bid rate for the overnight repo operation on the same day. These are a technical parameters and no inference should be drawn about the Federal Reserve’s views on the current or future stance of monetary policy based on the minimum bid rates for repo operations. These parameters are subject to change.
***This forward settlement operation will be conducted at 1:30 p.m. ET on 3/12/2020. It will settle on 3/13/2020 and mature on 6/5/2020.
Note: This calendar was last updated on 3/16/2020
| Overnight Operations Dates | Aggregate Operation Limit |
|---|---|
| Friday, 2/14/2020 - Friday, 3/6/2020 | At least $100 billion |
| Monday, 3/9/2020 - Wednesday, 3/11/2020 | At least $150 billion |
| Term operation date | maturity date | term | aggregate operation limit |
|---|---|---|---|
| Tuesday, 2/18/2020 | Tuesday, 3/3/2020 | 14-days | At least $25 billion |
| Thursday, 2/20/2020 | Thursday, 3/5/2020 | 14-days | At least $25 billion |
| Tuesday, 2/25/2020 | Tuesday, 3/10/2020 | 14-days | At least $25 billion |
| Thursday, 2/27/2020 | Thursday, 3/12/2020 | 14-days | At least $25 billion |
| Tuesday, 3/3/2020 | Tuesday, 3/17/2020 | 14-days | At least $20 billion |
| Thursday, 3/5/2020 | Thursday, 3/19/2020 | 14-days | At least $20 billion |
| Tuesday, 3/10/2020 | Tuesday, 3/24/2020 | 14-days | At least $45 billion |
| Overnight Operations Dates | Aggregate Operation Limit |
|---|---|
| Wednesday, 1/15/2020 - Thursday, 2/13/2020 | At least $120 billion |
| Term operation date | maturity date | term | aggregate operation limit |
|---|---|---|---|
| Thursday, 1/16/2020 | Thursday, 1/30/2020 | 14-days | At least $35 billion |
| Tuesday, 1/21/2020 | Tuesday, 2/4/2020 | 14-days | At least $35 billion |
| Thursday, 1/23/2020 | Thursday, 2/6/2020 | 14-days | At least $35 billion |
| Tuesday, 1/28/2020 | Tuesday, 2/11/2020 | 14-days | At least $35 billion |
| Thursday, 1/30/2020 | Thursday, 2/13/2020 | 14-days | At least $35 billion |
| Tuesday, 2/4/2020 | Tuesday, 2/18/2020 | 14-days | At least $30 billion |
| Thursday, 2/6/2020 | Thursday, 2/20/2020 | 14-days | At least $30 billion |
| Tuesday, 2/11/2020 | Tuesday, 2/25/2020 | 14-days | At least $30 billion |
| Thursday, 2/13/2020 | Thursday, 2/27/2020 | 14-days | At least $30 billion |
| Overnight Operations Dates | Aggregate Operation Limit |
|---|---|
| Friday, 12/13/2019 – Monday, 12/30/2019 | At least $120 billion |
| Monday, 12/30/2019 one-day forward settlement repo* | At least $75 billion |
| Tuesday, 12/31/2019** – Thursday, 1/2/2020 | At least $150 billion |
| Friday, 1/3/2020 – Tuesday, 1/14/2020 | At least $120 billion |
| Term operation date | maturity date | term | aggregate operation limit |
|---|---|---|---|
| Monday, 12/16/2019 | Friday, 1/17/2020 | 32-days | At least $50 billion |
| Tuesday, 12/17/2019 | Monday, 12/30/2019 | 13-days | At least $35 billion |
| Thursday, 12/19/2019 | Thursday, 1/2/2020 | 14-days | At least $35 billion |
| Monday, 12/23/2019 | Tuesday, 1/7/2020 | 15-days | At least $35 billion |
| Thursday, 12/26/2019 | Thursday, 1/9/2020 | 14-days | At least $35 billion |
| Monday, 12/30/2019 | Tuesday, 1/14/2020 | 15-days | At least $35 billion |
| Thursday, 1/2/2020 | Thursday, 1/16/2020 | 14-days | At least $35 billion |
| Tuesday, 1/7/2020 | Tuesday, 1/21/2020 | 14-days | At least $35 billion |
| Thursday, 1/9/2020 | Thursday, 1/23/2020 | 14-days | At least $35 billion |
| Tuesday, 1/14/2020 | Tuesday, 1/28/2020 | 14-days | At least $35 billion |
*This one-day forward settlement operation will be conducted at 10:00 a.m. ET on 12/30/2019. It will settle on 12/31/2019 and mature on 1/2/2020.
**The overnight repo operation on 12/31/2019 will start at 7:45 a.m. ET and close at 8:00 a.m. ET.
**The overnight repo operation on 12/31/2019 will start at 7:45 a.m. ET and close at 8:00 a.m. ET.
| Overnight operations dates | Aggregate Operation Limit |
|---|---|
| Friday, 11/15/2019 - Thursday, 12/12/2019 | At least $120 billion |
| Term operation date | maturity date | term | aggregate operation limit |
|---|---|---|---|
| Tuesday, 11/19/2019 | Tuesday, 12/3/2019 | 14-days | At least $35 billion |
| Thursday, 11/21/2019 | Thursday, 12/5/2019 | 14-days | At least $35 billion |
| Monday, 11/25/2019 | Monday, 1/6/2020 | 42-days | At least $25 billion |
| Tuesday, 11/26/2019 | Tuesday, 12/10/2019 | 14-days | At least $35 billion |
| Wednesday, 11/27/2019 | Thursday, 12/12/2019 | 15-days | At least $35 billion |
| Monday, 12/2/2019* | Monday, 1/13/2020 | 42-days | At least $25 billion |
| Tuesday, 12/3/2019 | Tuesday, 12/17/2019 | 14-days | At least $35 billion |
| Thursday, 12/5/2019 | Thursday, 12/19/2019 | 14-days | At least $35 billion |
| Monday, 12/9/2019** | Monday, 1/6/2020 | 28-days | At least $25 billion |
| Tuesday, 12/10/2019 | Monday, 12/23/2019 | 13-days | At least $35 billion |
| Thursday, 12/12/2019 | Thursday, 12/26/2019 | 14-days | At least $35 billion |
*This calendar was updated on 11/25/2019 to increase the Aggregate Operation Limit for the 42-day repo operation scheduled for 12/2/2019 from ‘At least $15 billion’ to ‘At least $25 billion’.
**This calendar was updated on 12/2/2019 to increase the Aggregate Operation Limit for the 28-day repo operation scheduled for 12/9/2019 from ‘At least $15 billion’ to ‘At least $25 billion’.
**This calendar was updated on 12/2/2019 to increase the Aggregate Operation Limit for the 28-day repo operation scheduled for 12/9/2019 from ‘At least $15 billion’ to ‘At least $25 billion’.
| Overnight operations dates | Aggregate Operation Limit |
|---|---|
| Tuesday, 10/15/2019 - Wednesday, 10/23/2019 | At least $75 billion |
| Thursday, 10/24/2019 - Thursday, 11/14/2019 | At least $120 billion |
| Term operation date | maturity date | term | aggregate operation limit |
|---|---|---|---|
| Tuesday, 10/15/2019 | Tuesday, 10/29/2019 | 14-days | At least $35 billion |
| Thursday, 10/17/2019 | Friday, 11/1/2019 | 15-days | At least $35 billion |
| Tuesday, 10/22/2019 | Tuesday, 11/5/2019 | 14-days | At least $35 billion |
| Thursday, 10/24/2019 | Thursday, 11/7/2019 | 14-days | At least $45 billion |
| Tuesday, 10/29/2019 | Tuesday, 11/12/2019 | 14-days | At least $45 billion |
| Friday, 11/1/2019 | Thursday, 11/14/2019 | 13-days | At least $35 billion |
| Tuesday, 11/5/2019 | Tuesday, 11/19/2019 | 14-days | At least $35 billion |
| Thursday, 11/7/2019 | Thursday, 11/21/2019 | 14-days | At least $35 billion |
| Tuesday, 11/12/2019 | Tuesday, 11/26/2019 | 14-days | At least $35 billion |
| Thursday, 11/14/2019 | Wednesday, 11/27/2019 | 13-days | At least $35 billion |
