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The Federal Reserve Bank of New York implements monetary policy on behalf of the Federal Reserve System, as mandated by the Federal Open Market Committee. To accomplish this, the Bank conducts temporary and permanent open market operations. Securities purchased through these operations are managed in a portfolio known as the System Open Market Account and are lent on a daily basis through the securities lending program. The Bank also implements foreign exchange policy on behalf of the System and the U.S. Treasury.

Features

OTC Derivatives Supervisors Group Chaired by the New York Fed, the OTC Derivatives Supervisors Group (ODSG) coordinates with other supervisors and firms committed to delivering structural improvements to the OTC derivatives market in the interest of financial stability. The ODSG works directly with market participants via the ISDA Industry Governance Committee to plan, monitor and coordinate industry progress against collective commitments made by firms.

Credit and Liquidity Programs and the Balance Sheet The Board of Governors of the Federal Reserve System provides detailed information about the policy tools employed to address the financial crisis.

Timelines of Policy Responses to the Global Financial Crisis Illustrating how events have unfolded, each entry contains a link to the original government announcement or a recent news source for additional information.

Fast Facts: $600 Billion Treasury Large-Scale Asset Purchase Program Details the Federal Reserve's $600 billion Treasury purchase program.

Fast Facts: Single-Tranche Term Repurchase Agreements Details the Federal Reserve's 2008 single-tranche term repurchase agreements.

Federal Reserve single-tranche term repurchase agreements March to December 2008 Operations conducted by the Federal Reserve System with the intention of mitigating heightened stress in funding markets.

NEWS AND ANNOUNCEMENTS

New York Fed releases tentative outright Treasury operation schedule January 31, 2012

Federal Open Market Committee statement January 25, 2012

Minutes of the Federal Open Market Committee, November 28 and December 13, 2011 January 3, 2012

U.S. monetary authorities did not intervene in FX markets during the third quarter November 10, 2011

Statement regarding MF Global Inc. October 31, 2011

RECENT SPEECHES

The SOMA Portfolio at $2.654 Trillion Remarks by Brian P. Sack before the Money Marketeers of New York University, New York City July 20, 2011