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Announcement of Change in Minimum Fee Rate for SOMA Securities Lending Program
|June 30, 2004|
Effective July 1, 2004, the Federal Reserve Bank of New York (FRBNY) is implementing the following change to the System Open Market Account (SOMA) securities lending program:
The minimum fee rate has been increased to 1.00 percent from 0.75 percent.
All other program terms remain unchanged.
For more information, please see: