Statement Regarding Agency Commercial Mortgage-Backed Securities Operations

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Operating Policy

Statement Regarding Agency Commercial Mortgage-Backed Securities Operations

March 17, 2021

In light of the sustained smooth functioning of markets for agency commercial mortgage-backed securities (agency CMBS), the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York will no longer conduct regular operations to purchase agency CMBS at the conclusion of the current schedule. The agency CMBS purchase operation currently scheduled for March 23, 2021 is expected to be the last regularly-scheduled purchase operation. Details of this operation are available on the Agency CMBS Operation Schedule page, last updated on March 12, 2021.

Consistent with the most recent FOMC directive, the Desk remains ready to conduct agency CMBS purchase operations as needed to sustain smooth functioning of markets for these securities.

Additional information on agency CMBS purchases can be found in FAQs: Agency CMBS Purchases.

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