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.
The Outreach and Education function engages, empowers and educates the Second District communities that the Bank serves, especially civic leaders, students, educators, small business owners, policymakers and the general public. It furthers the Bank's commitment to the region by listening to the communities we serve and leveraging our unique attributes to positively impact school and university programs, as well as analysis and research.
SUBJECT: Announcement Regarding November 10 Sale of Options on Repurchase Transactions and Future Auction Dates
In light of demand evident in the auctions of options on repurchase agreements, the FRBNY will auction, on November 10, $30 billion of the December 23 Strip, $50 billion of the December 30 Strip and $40 billion of the January 6 Strip. Also, we will hold at least two additional auctions beyond the five originally announced. The amounts for each auction will continue to be determined shortly after its preceding auction and will be announced at the weekly press briefing held at the FRBNY on Thursday afternoons at 4 p.m. (The press conference is on Friday when Thursday is a Bank holiday.) We will continue to send you the announcements regarding auction amounts by e-mail at approximately the same time as the press briefings occur, as we have been doing.
The days, dates and times of the next four auctions are as follows:
Wednesday, November 10, 2:30 p.m.; Wednesday, November 17, 2:30 p.m.; Tuesday, November 23, 2:30 p.m.; Wednesday, December 1, 2:30 p.m.