Operating Policy
Statement Regarding the Reverse Repurchase and SOMA Securities Lending Operations on Thursday, April 17, 2014
April 11, 2014

The Federal Reserve Bank of New York’s Open Market Trading Desk (the Desk) is making the following announcement regarding the System Open Market Account (SOMA):

Due to the holiday trading convention expected to be adopted on Friday, April 18, 2014, all reverse repurchase agreement and securities lending trades executed on Thursday, April 17 will mature on Monday, April 21.  While the Desk does not intend to conduct operations on April 18, the Fedwire Securities Service will operate during its regular hours on that date.