Permanent OMOs: Agency Mortgage-Backed Securities
The Federal Open Market Committee (FOMC) directed the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York to reinvest principal payments from the Federal Reserve’s holdings of agency debt and agency mortgage-backed securities (MBS) in agency MBS (see http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm for the most recent FOMC statement). This policy, by keeping the Committee’s holdings of longer-term securities at sizable levels, should help maintain accommodative financial conditions.

Thursday, November 20, 2014
The operation scheduled for today, November 20, 2014 will be held as planned from 11:15 AM to 11:45 AM. The schedule was revised today to reflect the new date and time of the Ginnie Mae operation canceled on November 19, 2014. This operation is now scheduled for November 26, 2014. Please go to the website here for the revised calendar.

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