The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
Regional & Community Outreach connects the Bank to Main Street via structured dialogues and two-way conversations on small business, mortgages, and household credit.
Economic Education improves public knowledge about the Federal Reserve System, monetary policy implementation, and promoting financial stability through the Museum and programs for K-16 students and educators, and the community.
To implement monetary policy, short-term repurchase and reverse repurchase
agreements are used to temporarily affect the size of the Federal Reserve
System's portfolio and influence day-to-day trading in the federal funds
Temporary Open Market Operations for August 28, 2014
Last Updated: August 28, 2014 1:16 PM
Number of Operations Today: 1
See announcement from April 4, 2014. There were 51 bidders in today's operation.
Deal Date: Thursday, August 28, 2014
Delivery Date: Thursday, August 28, 2014
Maturity Date: Friday, August 29, 2014
Type of Operation1: Reverse Repo
Auction Method: Fixed-Rate
Settlement: Same Day
Term of Operation2: 1 Day
Operation Close Time: 01:15 PM