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 & Education function engages, empowers and educates the public in the Second District. Our outreach mission furthers the Bank’s commitment to the region by listening to the communities we serve and developing programs, analysis and sponsored conferences and clinics to help meet their needs. Our education mission aims to advance public knowledge about the Federal Reserve System and its role in the economy.
Changes to Dealer Limits for SOMA Securities Lending Program
June 8, 2011
The Federal Reserve Bank of New York's Open Market Trading Desk is making the following change to the System Open Market Account (SOMA) securities lending program:
Commencing with the operation on June 9th, 2011, the Desk will remove the $750 million issue-specific limit from the program. All other program terms and conditions will be maintained, including the 25 percent issue-specific and $5 billion aggregate limits.