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.
Across all operations in the schedule listed below, the Desk plans to purchase approximately $105 billion. This represents $75 billion in purchases of the announced $600 billion purchase program and $30 billion in purchases associated with principal payments from agency debt and agency MBS expected to be received between mid-December and mid-January.
The next release of the approximate purchase amount and tentative outright Treasury operation schedule will be at 2 p.m. on January 12, 2011. At that time, the Desk will also publish information on prices paid for securities included in the operations listed above.
______________________________ 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.