NEW YORK—The Federal Reserve Bank of New York today released a tentative operation schedule for its purchases of longer-dated Treasury securities through April 3, 2009, and frequently asked questions (FAQs) about the purchases.
The first outright Treasury coupon purchase will be conducted on Wednesday, March 25, 2009, and will settle Thursday, March 26, 2009. Results will be posted on the New York Fed’s website following the operation.
Starting on Wednesday, April 1, 2009, and continuing every two weeks, the New York Fed will issue a tentative operation schedule for its purchases of longer-dated Treasury securities, including the maturity sector or sectors to be targeted.
As the Federal Open Market Committee (FOMC) announced last week, the Open Market Trading Desk will purchase up to $300 billion of longer-term Treasury securities over the next six months.
The New York Fed also issued updated FAQs on purchases of agency debt and agency mortgage-backed securities (MBS) to reflect the FOMC’s recent announcement.
Details of operations involving Treasury securities, agency debt, and agency MBS are now more easily accessible on the New York Fed’s website. These operations can now be tracked on separate pages as part of the permanent open market operations section of the website.
The tentative operation schedule and FAQs are attached.
Tentative Outright Treasury Operation Schedule ››
Treasury Securities FAQs ››
Agency Debt FAQs ››
Agency MBS FAQs ››
Contact
Media Relations
NY.Fed.Media.Relations@NY.frb.org