Statement Regarding Overnight Reverse Repurchase Operation on Tuesday, March 31, 2020

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Operating Policy

Statement Regarding Overnight Reverse Repurchase Operation on Tuesday, March 31, 2020

March 30, 2020

The Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York has changed the start time of the Overnight Reverse Repo (ON RRP) operation scheduled on March 31, 2020 to 12:30 PM ET from 12:45 PM ET. The end time of the operation for this day will remain 1:15 PM ET. This change has been made to ensure the Desk has sufficient time to obtain all bids from eligible counterparties on quarter end in light of remote working arrangements of eligible counterparties.

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