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.
Changes to Dealer Limits for SOMA Securities Lending Program
June 8, 2011
The Federal Reserve Bank of New York's Open Market Trading Desk is making the following change to the System Open Market Account (SOMA) securities lending program:
Commencing with the operation on June 9th, 2011, the Desk will remove the $750 million issue-specific limit from the program. All other program terms and conditions will be maintained, including the 25 percent issue-specific and $5 billion aggregate limits.