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.
Regional & Community Outreach connects the Bank to Main Street via structured dialogues and two-way conversations on small business, mortgages, and household credit.
Economic Education improves public knowledge about the Federal Reserve System, monetary policy implementation, and promoting financial stability through the Museum and programs for K-16 students and educators, and the community.
Across all operations in the schedule listed below, the Desk plans to purchase approximately $18 billion. This is the amount of principal payments from agency debt and agency MBS expected to be received between mid-August and mid-September, adjusted for prior SOMA agency MBS purchases that have been allocated since August 4.
The next release of the approximate purchase amount and tentative outright Treasury operation schedule will be at 2 p.m. on September 13, 2010.
______________________________ 1Operations are tentatively scheduled to begin around 10:15 AM and close at 11:00 AM. 2Nominal coupon operations are specified as "Outright Treasury Coupon Purchase and TIPS operations are specified as Outright TIPS Purchase