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Treasury Securities Operational Details

The New York Fed is authorized by the Federal Open Market Committee (FOMC) to buy and sell Treasury securities for the System Open Market Account (SOMA) to the extent necessary to carry out directives adopted by the FOMC. These operations are conducted in the secondary market for Treasury securities.

Based on the May 1, 2024 operating policy statement, should principal payments on agency MBS exceed the $35 billion monthly redemption cap, the excess will be reinvested into Treasury securities through secondary market purchases. In addition, based on the October 14, 2022 operating policy statement, the Desk conducts small value purchases and sales of Treasury securities under its normal process for maintaining operational readiness. Details are outlined in a recent operating policy statement and FAQs.

Monthly Operation Amounts and Results

The Desk's tentative monthly Treasury securities secondary transaction amounts and operational schedules are shown below. The table indicates whether operations for the monthly period are being conducted for small value purposes. In addition, historical operational results, including information on the transaction prices in individual operations, are shown in the table below at the end of each monthly period. Announcements with details on the day's operation will be posted to the Treasury Securities Operations page at the start of each operation; results will be posted there after the close of each operation.

Operation Period Details
Current Schedule

Period	Planned Operation Amount	Tentative Schedule	Results
12/13/2024 - 1/14/2025	The Desk plans to conduct small value operations of approximately $150 million over the monthly period from 12/13/24 to 1/14/2025.	Schedule
11/15/2024 - 12/12/2024	The Desk will not conduct any Treasury securities operations over the monthly period from 11/15/24 to 12/12/24.	N/A	N/A
10/15/2024 - 11/14/2024	The Desk plans to conduct small value operations of approximately $150 million over the monthly period from 10/15/24 to 11/14/24.	Schedule	Results
9/16/2024 - 10/11/2024	The Desk will not conduct any Treasury securities operations over the monthly period from 9/16/24 to 10/11/24.	N/A	N/A
8/14/2024 - 9/13/2024	The Desk plans to conduct small value operations of approximately $150 million over the monthly period from 8/14/24 to 9/13/24.	Schedule	Results
7/15/2024 - 8/13/2024	The Desk will not conduct any Treasury securities operations over the monthly period from 7/15/24 to 8/13/24.	N/A	N/A
6/14/2024 - 7/12/2024	The Desk plans to conduct small value operations of approximately $150 million over the monthly period from 6/14/24 to 7/12/24.	Schedule	Results
4/12/2024 - 5/13/2024	The Desk plans to conduct small value operations of approximately $150 million over the monthly period from 4/12/24 to 5/13/24.	Schedule	Results
2/14/2024 - 3/13/2024	The Desk plans to conduct small value operations of approximately $150 million over the monthly period from 2/14/24 to 3/13/24.	Schedule	Results
12/14/2023 - 1/12/2024	The Desk plans to conduct small value operations of approximately $150 million over the monthly period from 12/14/23 to 1/12/24.	Schedule	Results
10/16/2023 - 11/13/2023	The Desk plans to conduct small value operations of approximately $150 million over the monthly period from 10/16/23 to 11/13/23.	Schedule	Results
8/14/2023 - 9/14/2023	The Desk plans to conduct small value operations of approximately $150 million over the monthly period from 8/14/23 to 9/14/23.	Schedule	Results
6/14/2023 - 7/14/2023	The Desk plans to conduct small value operations of approximately $150 million over the monthly period from 6/14/23 to 7/14/23.	Schedule	Results
4/14/2023 - 5/11/2023	The Desk plans to conduct small value operations of approximately $150 million over the monthly period from 4/14/23 to 5/11/23.	Schedule	Results
2/14/2023 - 3/13/2023	The Desk plans to conduct small value operations of approximately $150 million over the monthly period from 2/14/23 to 3/13/23.	Schedule	Results
12/14/2022 - 1/13/2023	The Desk plans to conduct small value operations of approximately $150 million over the monthly period from 12/14/22 to 1/13/23.	Schedule	Results
10/17/2022 - 11/14/2022	The Desk plans to conduct small value operations of approximately $150 million over the monthly period from 10/17/22 to 11/14/22.	Schedule	Results
2/14/2022 - 3/11/2022	The Desk plans to purchase approximately $20 billion over the monthly period from 2/14/22 to 3/11/22.	Schedule	Results
1/14/2022 - 2/11/2022	The Desk plans to purchase approximately $40 billion over the monthly period from 1/14/22 to 2/11/22.	Schedule	Results
12/14/2021 - 1/13/2022	The Desk plans to purchase approximately $60 billion over the monthly period from 12/14/21 to 1/13/22.	Schedule	Results
11/15/2021 - 12/13/2021	The Desk plans to purchase approximately $70 billion over the monthly period from 11/15/21 to 12/13/21.	Schedule	Results
10/15/2021 - 11/12/2021	The Desk plans to purchase approximately $80 billion over the monthly period from 10/15/21 to 11/12/21.	Schedule	Results
9/15/2021 - 10/14/2021	The Desk plans to purchase approximately $80 billion over the monthly period from 9/15/21 to 10/14/21.	Schedule	Results
8/13/2021 - 9/14/2021	The Desk plans to purchase approximately $80 billion over the monthly period from 8/13/21 to 9/14/21.	Schedule	Results
7/15/2021 - 8/12/2021	The Desk plans to purchase approximately $80 billion over the monthly period from 7/15/21 to 8/12/21.	Schedule	Results
6/14/2021 - 7/14/2021	The Desk plans to purchase approximately $80 billion over the monthly period from 6/14/21 to 7/14/21.	Schedule	Results
5/14/2021 - 6/11/2021	The Desk plans to purchase approximately $80 billion over the monthly period from 5/14/21 to 6/11/21.	Schedule	Results
4/14/2021 - 5/13/2021	The Desk plans to purchase approximately $80 billion over the monthly period from 4/14/21 to 5/13/21.	Schedule	Results
3/12/2021 - 4/13/2021	The Desk plans to purchase approximately $80 billion over the monthly period from 3/12/21 to 4/13/21.	Schedule	Results
2/12/2021 - 3/11/2021	The Desk plans to purchase approximately $80 billion over the monthly period from 2/12/21 to 3/11/21.	Schedule	Results
2/1/2021 - 2/11/2021	The Desk plans to purchase approximately $80 billion over the monthly period from 1/15/21 to 2/11/21. The Desk's current schedule covers purchases from 2/1/21 to 2/11/21.	Schedule	Results
1/15/2021 - 1/29/2021	The Desk plans to purchase approximately $80 billion over the monthly period from 1/15/21 to 2/11/21. The Desk's current schedule covers purchases from 1/15/21 to 1/29/21.	Schedule	Results
12/29/2020 - 1/14/2021	The Desk plans to purchase approximately $80 billion over the monthly period from 12/14/20 to 01/14/21. The Desk's current schedule covers purchases from 12/29/20 to 01/14/21.	Schedule	Results
12/14/2020 - 12/28/2020	The Desk plans to purchase approximately $80 billion over the monthly period from 12/14/20 to 01/14/21. The Desk's current schedule covers purchases from 12/14/20 to 12/28/20.	Schedule	Results
12/1/2020 - 12/11/2020	The Desk plans to purchase approximately $80 billion over the monthly period from 11/16/20 to 12/11/20. The Desk's current schedule covers purchases from 12/1/20 to 12/11/20.	Schedule	Results
11/16/2020 - 11/30/2020	The Desk plans to purchase approximately $80 billion over the monthly period from 11/16/20 to 12/11/20. The Desk's current schedule covers purchases from 11/16/20 to 11/30/20.	Schedule	Results
10/29/2020 - 11/13/2020	The Desk plans to purchase approximately $80 billion over the monthly period from 10/15/20 to 11/13/20. The Desk's current schedule covers purchases from 10/29/20 to 11/13/20.	Schedule	Results
10/15/2020 - 10/28/2020	The Desk plans to purchase approximately $80 billion over the monthly period from 10/15/20 to 11/13/20. The Desk's current schedule covers purchases from 10/15/20 to 10/28/20.	Schedule	Results
9/29/2020 - 10/14/2020	The Desk plans to purchase approximately $80 billion over the monthly period from 9/15/20 to 10/14/20. The Desk's current schedule covers purchases from 9/29/20 to 10/14/20.	Schedule	Results
9/15/2020 - 9/28/2020	The Desk plans to purchase approximately $80 billion over the monthly period from 9/15/20 to 10/14/20. The Desk's current schedule covers purchases from 9/15/20 to 9/28/20.	Schedule	Results
8/28/2020 - 9/14/2020	The Desk plans to purchase approximately $80 billion over the monthly period from 8/14/20 to 9/14/20. The Desk's current schedule covers purchases from 8/28/20 to 9/14/20.	Schedule	Results
8/14/2020 - 8/27/2020	The Desk plans to purchase approximately $80 billion over the monthly period from 8/14/20 to 9/14/20. The Desk's current schedule covers purchases from 8/14/20 to 8/27/20.	Schedule	Results
7/28/2020 - 8/13/2020	The Desk plans to purchase approximately $80 billion over the monthly period from 7/14/20 to 8/13/20. The Desk's current schedule covers purchases from 7/28/20 to 8/13/20.	Schedule	Results
7/14/2020 - 7/27/2020	The Desk plans to purchase approximately $80 billion over the monthly period from 7/14/20 to 8/13/20. The Desk's current schedule covers purchases from 7/14/20 to 7/27/20.	Schedule	Results
6/26/2020 - 7/13/2020	The Desk plans to purchase approximately $80 billion over the monthly period from 6/12/20 to 7/13/20. The Desk's current schedule covers purchases from 6/26/20 to 7/13/20.	Schedule	Results
6/12/2020 - 6/25/2020	The Desk plans to purchase approximately $80 billion over the monthly period from 6/12/20 to 7/13/20. The Desk's current schedule covers purchases from 6/12/20 to 6/25/20.	Schedule	Results
6/8/2020 - 6/11/2020	The Desk plans to purchase approximately $20 billion ($4 billion per day on average) in Treasury purchases.	Schedule	Results
6/1/2020 - 6/5/2020	The Desk plans to purchase approximately $22.5 billion ($4.5 billion per day on average) in Treasury purchases.	Schedule	Results
5/26/2020 - 5/29/2020	The Desk plans to purchase approximately $20.0 billion ($5.0 billion per day on average) in Treasury purchases.	Schedule	Results
5/18/2020 - 5/22/2020	The Desk plans to purchase approximately $30.0 billion ($6.0 billion per day on average) in Treasury purchases.	Schedule	Results
5/11/2020 - 5/15/2020	The Desk plans to purchase approximately $35.0 billion ($7.0 billion per day on average) in Treasury purchases.	Schedule	Results
5/4/2020 - 5/8/2020	The Desk plans to purchase approximately $40.0 billion ($8.0 billion per day on average) in Treasury purchases.	Schedule	Results
4/27/2020 - 5/1/2020	The Desk plans to purchase approximately $50.0 billion ($10.0 billion per day on average) in Treasury purchases.	Schedule	Results
4/20/2020 - 4/24/2020	The Desk plans to purchase approximately $75.0 billion ($15.0 billion per day on average) in Treasury purchases.	Schedule	Results
4/13/2020 - 4/17/2020	The Desk plans to purchase approximately $150.0 billion ($30.0 billion per day on average) in Treasury purchases.	Schedule	Results
4/6/2020 - 4/9/2020	The Desk plans to purchase approximately $200.0 billion ($50.0 billion per day on average) in Treasury purchases.	Schedule	Results
4/2/2020 - 4/3/2020	The Desk plans to purchase approximately $120.0 billion ($60.0 billion per day) in Treasury purchases.	Schedule	Results
4/01/2020	The Desk plans to purchase approximately $75.0 billion in Treasury purchases.	Schedule	Results
3/30/2020 - 3/31/2020	The Desk plans to purchase approximately $150.0 billion ($75.0 billion per day) in Treasury purchases.	Schedule	Results
3/24/2020 - 3/27/2020	The Desk plans to purchase approximately $300.0 billion ($75.0 billion per day) in Treasury purchases.	Schedule	Results
3/23/2020	The Desk plans to purchase approximately $75.0 billion in Treasury purchases.	Schedule	Results
3/20/2020	The Desk plans to purchase approximately $75.0 billion in Treasury purchases.	Schedule	Results
3/19/2020	The Desk plans to purchase approximately $75.0 billion in Treasury purchases.	Schedule	Results
3/18/2020	The Desk plans to purchase approximately $45.0 billion in Treasury purchases.	Schedule	Results
3/17/2020	The Desk plans to purchase approximately $40.0 billion in Treasury purchases.	Schedule	Results
3/16/2020	The Desk plans to purchase approximately $40.0 billion in Treasury purchases.	Schedule	Results
3/13/2020 - 4/13/2020	The Desk plans to purchase approximately $20.0 billion in reinvestment purchases and $60.0 billion in reserve management purchases over the noted monthly period.	Schedule	Results
2/14/2020 - 3/12/2020	The Desk plans to purchase approximately $20.0 billion in reinvestment purchases and an additional approximately $60.0 billion in reserve management purchases of bills over the noted monthly period.	Schedule	Results
1/15/2020 - 2/13/2020	The Desk plans to purchase approximately $20.0 billion in reinvestment purchases and an additional approximately $60.0 billion in reserve management purchases of bills over the noted monthly period.	Schedule	Results
12/13/2019 - 1/14/2020	The Desk plans to purchase approximately $20.0 billion in reinvestment purchases and an additional approximately $60.0 billion in reserve management purchases of bills over the noted monthly period.	Schedule	Results
11/15/2019 - 12/12/2019	The Desk plans to purchase approximately $20.0 billion in reinvestment purchases and an additional approximately $60.0 billion in reserve management purchases of bills over the noted monthly period.	Schedule	Results
10/15/2019 - 11/14/2019	The Desk plans to purchase approximately $20.0 billion in reinvestment purchases and an additional approximately $60.0 billion in reserve management purchases of bills over the noted monthly period.	Schedule	Results
9/16/2019 - 10/11/2019	The Desk plans to purchase approximately $20.0 billion in Treasury securities over the noted monthly period.	Schedule	Results
8/14/2019 - 9/13/2019	The Desk plans to purchase approximately $20.0 billion in Treasury securities over the noted monthly period.	Schedule	Results

*The Desk will not operate in securities with 4 weeks or less to maturity.

Announcements

Statement Regarding Reinvestment of Principal Payments from Treasury Securities, Agency Debt, and Agency Mortgage-Backed Securities

May 1, 2024

Statement Regarding Open Market Desk Operations on Friday, March 29, 2024

March 8, 2024

Statement Regarding Open Market Desk Operations on Thursday, April 6, 2023

March 8, 2023

Statement Regarding Small Value Exercises in Treasury Securities and Agency Mortgage-Backed Securities

October 14, 2022

Statement Regarding Open Market Desk Operations on Friday, April 15, 2022

April 1, 2022

Statement Regarding Treasury Securities and Agency Mortgage-Backed Securities Operations

January 26, 2022

Statement Regarding Treasury Securities and Agency Mortgage-Backed Securities Operations

December 15, 2021

Statement Regarding Open Market Desk Operations on Friday, December 24, 2021

December 10, 2021

Statement Regarding Treasury Securities, Agency Mortgage-Backed Securities, and Agency Commercial Mortgage-Backed Securities Operations

November 3, 2021

Statement Regarding Treasury Securities Operations

May 13, 2021

Statement Regarding Open Market Desk Operations on Thursday, April 1, 2021

Mar 3, 2021

Statement Regarding Treasury Securities, Agency Mortgage-Backed Securities, and Agency Commercial Mortgage-Backed Securities Operations

Dec 16, 2020

Statement Regarding Treasury Securities, Agency Mortgage-Backed Securities, and Agency Commercial Mortgage-Backed Securities Operations

Sep 16, 2020

Statement Regarding Treasury Securities, Agency Mortgage-Backed Securities, and Agency Commercial Mortgage-Backed Securities Operations

Jun 10, 2020

Statement Regarding Treasury Securities and Agency Mortgage-Backed Securities Operations

Mar 23, 2020

Statement Regarding Treasury Securities, Agency Mortgage-Backed Securities, and Repurchase Agreement Operations

Mar 15, 2020

Statement Regarding Treasury Reserve Management and Reinvestment Purchases

Mar 13, 2020

Statement Regarding Treasury Reserve Management Purchases and Repurchase Operations

Mar 12, 2020

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