Tentative Outright Treasury Operation Schedule

Across all operations in the schedule listed below, the Desk plans to purchase approximately $62 billion. This represents $50 billion in purchases of the announced $600 billion purchase program, which will be completed by the end of June, and $12 billion in purchases associated with principal payments from agency debt and agency MBS expected to be received between mid-June and mid-July. As always, this schedule is subject to change should the FOMC choose to alter its directive to the Desk during the monthly period.

Operation Date1 Settlement Date Operation Type2 Maturity
Range
Expected Purchase Size
June 13, 2011 June 14, 2011 Outright Treasury Coupon Purchase 08/15/2018 - 05/15/2021 $4 - $5 billion
June 14, 2011 June 15, 2011 Outright Treasury Coupon Purchase 12/15/2012 - 11/30/2013 $2.5 - $3.5 billion
June 15, 2011 June 16, 2011 Outright Treasury Coupon Purchase 12/31/2016 - 05/31/2018 $4 - $5 billion
June 16, 2011 June 17, 2011 Outright Treasury Coupon Purchase 06/30/2015 - 11/30/2016 $4 - $5 billion
June 17, 2011 June 20, 2011 Outright TIPS Purchase 04/15/2013 - 02/15/2041 $1.5 - $2.0 billion
June 20, 2011 June 21, 2011 Outright Treasury Coupon Purchase 08/15/2018 - 05/15/2021 $4 - $5 billion
June 20, 20113 June 21, 2011 Outright Treasury Coupon Purchase 12/31/2013 - 05/31/2015 $4 - $5 billion
June 21, 2011 June 22, 2011 Outright Treasury Coupon Purchase 12/31/2016 - 05/31/2018 $4 - $5 billion
June 23, 2011 June 24, 2011 Outright Treasury Coupon Purchase 08/15/2021 - 11/15/2027 $1 - $1.5 billion
June 24, 2011 June 27, 2011 Outright Treasury Coupon Purchase 12/31/2013 - 05/31/2015 $4 - $5 billion
June 27, 2011 June 28, 2011 Outright Treasury Coupon Purchase 06/30/2015 - 11/30/2016 $4 - $5 billion
June 28, 2011 June 29, 2011 Outright Treasury Coupon Purchase 08/15/2018 - 05/15/2021 $4 - $5 billion
June 29, 2011 June 30, 2011 Outright Treasury Coupon Purchase 08/15/2028 - 05/15/2041 $2 - $3 billion
June 30, 2011 July 1, 2011 Outright Treasury Coupon Purchase 12/31/2016 - 06/30/2018 $4 - $5 billion
Completion of $600 Billion Purchase Program
July 6, 2011 July 7, 2011 Outright Treasury Coupon Purchase 01/15/2014 - 06/30/2015 $2.5 - $3.5 billion
July 11, 2011 July 12, 2011 Outright Treasury Coupon Purchase 07/31/2015 - 12/31/2016 $2.5 - $3.5 billion


The next release of the approximate purchase amount and tentative outright Treasury operation schedule will be at 2 p.m. on May 11, 2011. At that time, the Desk will also publish information on prices paid for securities included in the operations listed above.

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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”
3This operation is tentatively scheduled to begin around 1:15 PM and close at 2:00 PM