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.
SUBJECT: Auction amounts for October 20 sale of options on repurchase transactions
On the basis of preliminary indications of interest in the purchase of options at the upcoming auctions, we have decided to increase the amount of options available for purchase at the October 20 auctions to $12 billion for the December 23 Strip, $18 billion for the December 30 Strip and $12 billion for the January 6 Strip. As previously indicated, if demand is evident, FRBNY will offer similar or larger amounts at the second auction. The FRBNY may raise or lower the amounts to be auctioned for each Strip, depending on its sense of demand. Amounts to be auctioned will be announced no later than 4 p.m. on the Thursday prior to the auction date.