Tentative Outright Treasury Operation Schedule

Across all operations in the schedule listed below, the Desk plans to purchase approximately $16 billion*. This represents purchases associated with principal payments from agency debt and agency MBS expected to be received between mid-September and mid-October.

Operation Date1 Settlement Date Operation Type2 Maturity
Range
Expected Purchase Size

September 15, 2011

September 16, 2011

Outright Treasury Coupon Purchase

09/30/2015 - 02/28/2017

$2.75 - $3.50 billion

September 19, 2011

September 20, 2011

Outright Treasury Coupon Purchase

03/31/2013 - 03/15/2014

$0.50 - $1.00 billion

September 23, 2011

September 26, 2011

Outright Treasury Coupon Purchase

11/15/2021 - 08/15/2041

$0.50 -$1.25 billion

September 27, 2011

September 28, 2011

Outright TIPS Purchase

04/15/2013 - 02/15/2041

$0.25 - $0.75 billion

October 3, 2011*

October 4, 2011

Outright Treasury Coupon Purchase

04/15/2014 - 09/30/2015

$2.75 - $3.50 billion

October 5, 2011*

October 6, 2011

Outright Treasury Coupon Purchase

11/15/2018 - 08/15/2021

$3.25 - $4.00 billion

October 12, 2011*

October 13, 2011

Outright Treasury Coupon Purchase

04/30/2017 - 09/30/2018

$3.25 - $4.00 billion



The next release of the approximate purchase amount and tentative outright Treasury operation schedule will be at 2 p.m. on October 13, 2011. At that time, the Desk will also publish information on prices paid for securities included in the operations listed above.*

* Due to the change in the agency debt and agency MBS reinvestment policy announced at the September 21 FOMC meeting, Treasury purchase operations scheduled for October were cancelled. All remaining proceeds for this period will be reinvested in agency MBS. The next tentative schedule for operations associated with the Maturity Extension Program as well as prices paid for the completed operations listed above will be released at 2 p.m. on Friday, September 30.

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1Operations are tentatively scheduled to begin around 10:15 AM and close at 11:00 AM unless noted otherwise.
2Nominal coupon operations are specified as “Outright Treasury Coupon Purchase” and TIPS operations are specified as “Outright TIPS Purchase”