Museum & Visits Regional Economy Data & Statistics Careers Blog Press Center

Markets & Policy Implementation

Press Center
Neal: Foreign Exchange Market Structure: The Land of a Thousand Lakes

November 19, 2024
Statements & Operating Policies
Statement Regarding New FedTrade Platform

November 13, 2024
Press Center
Perli: Facing Quarter-End Pressures: Understanding the Repo Market and Federal Reserve Tools

November 12, 2024
Statements & Operating Policies
Statement Regarding Modifications to the Secured Overnight Financing Rate (SOFR) Methodology

October 23, 2024
The Teller Window
A New View of Our Monetary Policy Expectations Surveys

October 10, 2024
The Teller Window
The Federal Reserve and its Monetary Policy Implementation Framework

The New York Fed transacts in U.S. government and agency securities and in U.S. money markets to implement monetary policy on behalf of the Federal Open Market Committee (FOMC).

Discount Window

The New York Fed provides short-term liquidity to sound depository institutions in the Second District, on an intraday basis under the Payment System Risk policy and on an overnight basis through the discount window.

Treasury Debt Auctions and Buybacks as Fiscal Agent

In its capacity as fiscal agent of the United States, the New York Fed conducts auctions of debt issued by the U.S. Treasury.

Counterparties

In carrying out its responsibilities, the New York Fed transacts with a range of counterparties and gathers information from various market participants.

International Market Operations

Foreign Exchange Operations

The New York Fed executes foreign exchange operations on behalf of the FOMC and the U.S. Treasury, and in providing banking services to foreign official sector customers.

Foreign Reserves Management

The New York Fed operates in sovereign debt and money markets to invest the foreign currency reserves acquired by the Federal Reserve and the U.S. Treasury through past operations in the foreign exchange market.

Central Bank Swap Arrangements

The New York Fed maintains foreign exchange swap lines with other central banks pursuant to directives of the FOMC.

Central Bank & International Account Services

The New York Fed provides safekeeping accounts, securities settlement, correspondent banking, and cash management and investment services to most foreign official institutions in the world that hold dollar-denominated reserves.

Markets Data

Markets Data Dashboard

The dashboard brings together data on a number of market operations, reference rates, monetary policy expectations, and Federal Reserve securities portfolio holdings in a single, convenient location.

Reference Rates

The New York Fed publishes reference rates for the U.S. money markets on a daily basis.

Operational Readiness

The New York Fed undertakes certain small value open market transactions from time to time. These exercises are conducted for the purpose of maintaining operational readiness, and therefore do not indicate anything about the future timing or direction of changes in policy.

Market Intelligence

The New York Fed monitors global financial markets and briefs policymakers at the Federal Reserve and the U.S. Treasury on developments that are relevant to the conduct of economic policy.

The New York Fed sponsors certain industry efforts to foster sound business practices in the foreign exchange and government securities markets in which the New York Fed operates, in support of financial stability.

About Markets & Policy Implementation

The New York Fed operates in global financial markets in a number of capacities to support the Federal Reserve’s monetary policy and financial stability objectives. It also does so in serving as fiscal agent of the United States, as may be required by the U.S. Treasury. The New York Fed also operates in global financial markets in providing banking services to about 200 central banks, governments, and international official institutions that hold U.S. dollar accounts at the New York Fed.

Data

Markets & Policy Implementation

Neal: Foreign Exchange Market Structure: The Land of a Thousand Lakes

Statement Regarding New FedTrade Platform

Perli: Facing Quarter-End Pressures: Understanding the Repo Market and Federal Reserve Tools

Statement Regarding Modifications to the Secured Overnight Financing Rate (SOFR) Methodology

A New View of Our Monetary Policy Expectations Surveys

The Federal Reserve and its Monetary Policy Implementation Framework