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.
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.