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 November 3 Sale of Options on Repurchase Transactions
In light of the demand evident in the auctions of options on repurchase agreements, the FRBNY will increase the amounts of options available for purchase at the November 3 auctions. On November 3, the FRBNY will offer for sale $20 billion of the December 23 Strip, $50 billion of the December 30 Strip, and $25 billion of the January 6 Strip. As previously indicated, the FRBNY may raise or lower the amounts to be auctioned for each Strip, depending on its sense of demand.